Colgate-Palmolive Earnings, Revenue Beat in Q2
2022.07.29 14:22
Colgate-Palmolive Earnings, Revenue Beat in Q2
Investing.com – Colgate-Palmolive (NYSE:CL) reported on Friday second quarter earnings that beat analysts’ forecasts and revenue that topped expectations.
Colgate-Palmolive announced earnings per share of $0.72 on revenue of $4.48B. Analysts polled by Investing.com anticipated EPS of $0.7087 on revenue of $4.36B.
Colgate-Palmolive shares are down 7% from the beginning of the year, still down 7.50% from its 52 week high of $85.61 set on January 6. They are outperforming the S&P Global 100 which is down 12.97% from the start of the year.
Colgate-Palmolive follows other major Consumer Staples sector earnings this month
Colgate-Palmolive’s report follows an earnings beat by Coca-Cola on Tuesday, who reported EPS of $0.7 on revenue of $11.33B, compared to forecasts EPS of $0.6693 on revenue of $10.54B.
PepsiCo had beat expectations on July 12 with second quarter EPS of $1.86 on revenue of $20.23B, compared to forecast for EPS of $1.74 on revenue of $19.51B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
