Investing.com - Colgate-Palmolive (NYSE:CL) reported on Friday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Colgate-Palmolive announced earnings per share of $0.8 on revenue of $4.26B. Analysts polled by Investing.com anticipated EPS of $0.7983 on revenue of $4.24B.
Colgate-Palmolive shares are down 1.01% from the beginning of the year, still down 3.34% from its 52 week high of $86.41 set on November 20, 2020. They are under-performing the S&P 500 which is up 17.65% from the start of the year.
Colgate-Palmolive follows other major Consumer Staples sector earnings this month
Colgate-Palmolive's report follows an earnings beat by Procter&Gamble on Friday, who reported EPS of $1.13 on revenue of $18.95B, compared to forecasts EPS of $1.09 on revenue of $18.37B.
Coca-Cola had beat expectations on July 21 with second quarter EPS of $0.68 on revenue of $10.1B, compared to forecast for EPS of $0.5625 on revenue of $9.31B.
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