Colgate-Palmolive: 3rd quarter earnings snapshot

NEW YORK — Colgate-Palmolive Co. today reported third-quarter earnings of $698 million.

On a per-share basis, the company said it had net income of 81 cents. Earnings, adjusted for non-recurring gains, came to 79 cents per share.

The results beat Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 70 cents per share.

The consumer products maker posted revenue of $4.15 billion in the period, which also beat Street forecasts. Five analysts surveyed by Zacks expected $3.97 billion.

Colgate-Palmolive shares have increased 11% since the beginning of the year, while the Standard & Poor’s 500 index has increased 2.5%. The stock has increased 13% in the past 12 months.

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