Colgate Stock Falls After Earning Beat. Here’s Why.

Colgate Stock Falls After Earning Beat. Here’s Why. · Barrons.com

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Colgate-Palmolive stock fell after the consumer products company posted third-quarter earnings that beat expectations Friday, helped by increases in both price and volumes. Sales results were driven by a “healthy balance” of volume growth and higher pricing with every operating division delivering volume growth, Colgate said. It sees its profit margin expanding and earnings per share growing by double-digits, unchanged from previous outlooks, coupled with increased advertising investment.