Colgate-Palmolive earnings inline, Revenue misses in Q3

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Colgate-Palmolive earnings inline, Revenue misses in Q3
Credit: © Reuters.

Investing.com - Colgate-Palmolive (NYSE: CL ) reported on Friday third quarter earnings that matched analysts' forecasts and revenue that fell short of expectations.

Colgate-Palmolive announced earnings per share of $0.74 on revenue of $4.46. Analysts polled by Investing.com anticipated EPS of $0.74 on revenue of $4.48B.

Colgate-Palmolive shares are down 14% from the beginning of the year and are trading at $73.23 , down-from-52-week-high.

Colgate-Palmolive follows other major Consumer Staples sector earnings this month

Colgate-Palmolive's report follows an earnings beat by Procter&Gamble on Wednesday, October 19, 2022, who reported EPS of $1.57 on revenue of $20.6B, compared to forecasts EPS of $1.56 on revenue of $20.37B.

Coca-Cola had beat expectations on Tuesday with third quarter EPS of $0.69 on revenue of $11.1B, compared to forecast for EPS of $0.64 on revenue of $10.53B.

Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar

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