Colgate Brushes Past Earnings Estimates. It Wasn’t Enough.

Shares of Colgate-Palmolive were falling after the consumer products company turned in higher earnings than expected but disappointed investors with its financial guidance. For its fourth quarter, the company reported adjusted earnings of 91 cents per share, beating the consensus call for 89 cents among analysts tracked by FactSet Net sales of $4.94 billion were below the consensus estimate of $4.98 billion. The company expects organic sales growth to be within the 3% to 5% range it has set as a long-term target, including the effects of a plan to leave the private-label pet nutrition business over the course of the year.

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