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Colgate-Palmolive Co. Q1 Profit Drops, Inline With Estimates

Colgate-Palmolive Co. (CL) announced earnings for first quarter that decreased from the same period last year in line with the Street estimates.

The company's bottom line totaled $559M, or $0.66 per share. This compares with $681 million, or $0.80 per share, in last year's first quarter.

Excluding items, Colgate-Palmolive Co. reported adjusted earnings of $624 million or $0.74 per share for the period.

Analysts on average had expected the company to earn $0.74 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 1.4% to $4.40 billion from $4.34 billion last year.

Colgate-Palmolive Co. earnings at a glance (GAAP) :

-Earnings (Q1): $559M. vs. $681 Mln. last year.
-EPS (Q1): $0.66 vs. $0.80 last year.
-Analyst Estimates: $0.74
-Revenue (Q1): $4.40 Bln vs. $4.34 Bln last year.

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