Investing.com - Colgate-Palmolive (NYSE:CL) India reported on Thursday second quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Colgate-Palmolive India announced earnings per share of ₹10.22 on revenue of ₹13.87. Analysts polled by Investing.com anticipated EPS of ₹10.05 on revenue of ₹14.06B.
Colgate-Palmolive India shares are down 58.87% from the beginning of the year, still down 4.94% from its 52 week high of ₹1,695.95 set on September 2.
Colgate-Palmolive India follows other major Consumer Staples sector earnings this month
Colgate-Palmolive India's report follows an earnings beat by Nestle India on Wednesday, who reported EPS of ₹69.32 on revenue of ₹45.91B, compared to forecasts EPS of ₹66.15 on revenue of ₹43.38B.
Tata Consumer Products had beat expectations on Thursday with second quarter EPS of ₹3.56 on revenue of ₹33.63B, compared to forecast for EPS of ₹3.18 on revenue of ₹33.39B.
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