Colgate-Palmolive Beats Q3 Earnings Amid Market Share Gains And Margin Expansion, Raises 2024 Outlook
Portfolio Pulse from Nabaparna Bhattacharya
Colgate-Palmolive reported better-than-expected Q3 earnings, with adjusted EPS of 91 cents and sales of $5.033 billion. The company achieved gross margin expansion for the sixth consecutive quarter and raised its 2024 outlook. Despite strong performance, CL shares are trading lower by 0.86% premarket.
October 25, 2024 | 12:06 pm
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Colgate-Palmolive exceeded Q3 earnings expectations with adjusted EPS of 91 cents and sales of $5.033 billion. The company achieved gross margin expansion and raised its 2024 outlook. Despite this, CL shares are down 0.86% premarket.
Colgate-Palmolive's strong Q3 performance and raised 2024 outlook are positive indicators for the company's future growth. The market's initial negative reaction, with shares down 0.86% premarket, may be temporary as investors digest the news.
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