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Colgate-Palmolive Co. Q3 adjusted earnings Inline With Estimates

(RTTNews) - Colgate-Palmolive Co. (CL) released earnings for third quarter that dropped from the same period last year.

The company's profit totaled $523 million, or $0.60 per share. This compares with $607 million, or $0.68 per share, in last year's third quarter.

Excluding items, Colgate-Palmolive Co. reported adjusted earnings of $625 million or $0.72 per share for the period.

Analysts had expected the company to earn $0.72 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 3.0% to $3.85 billion from $3.97 billion last year.

Colgate-Palmolive Co. earnings at a glance:

-Earnings (Q3): $625 Mln. vs. $646 Mln. last year.
-EPS (Q3): $0.72 vs. $0.73 last year.
-Analysts Estimate: $0.72
-Revenue (Q3): $3.85 Bln vs. $3.97 Bln last year.
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