Share on StockTwits

Colgate-Palmolive Company reported a 16 percent drop in quarterly profit, hurt by a one-time charge related to the fall in value of the Venezuelan bolivar. The company’s net profit fell to $388 million, or 42 cents per share, in the quarter ended March 31, from $460 million, or 48 cents per share, a year earlier. Sales rose marginally to $4.32 billion. Organic sales, which strip out the impact of acquisitions, divestitures and foreign exchange, increased 6.5 percent.

“Colgate-Palmolive Net Profit Falls 16 Percent” is categorized as “business”. This video was licensed from Grab Networks. For additional video content, click the “video” tab at the top of this page.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.