Yahoo Finance Colgate-Palmolive First Quarter 2024 Earnings: Beats Expectations
Colgate-Palmolive (NYSE:CL) First Quarter 2024 Results
Key Financial Results
Revenue: US$5.07b (up 6.2% from 1Q 2023).
Net income: US$683.0m (up 84% from 1Q 2023).
Profit margin: 14% (up from 7.8% in 1Q 2023).
EPS: US$0.83 (up from US$0.45 in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Colgate-Palmolive Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 2.2%. Earnings per share (EPS) also surpassed analyst estimates by 1.3%.
Looking ahead, revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 3.4% growth forecast for the Household Products industry in the US.
Performance of the American Household Products industry.
The company's shares are up 4.5% from a week ago.
Risk Analysis
What about risks? Every company has them, and we've spotted 2 warning signs for Colgate-Palmolive you should know about.
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