Colgate: Q2 EPS slightly below estimates
(CercleFinance.com) - Colgate-Palmolive has published Q2 2019 adjusted net profit that is down 8% at 617 million dollars, or 72 cents per share, one cent less than EPS expected by analysts.
The personal care product maker saw its adjusted gross margin increase by 30 basis points to 59.6%, for revenues that are pretty much flat (-0.5%) at under 3.9 billion dollars, although which are up 4% in organic terms.
For 2019, the group still expects EPS to fall in a mid-single-digit range, while it forecasts an expansion in its gross margin and sales that it expects will increase in low single digits (+2% to +4% in organic terms).
Copyright (c) 2019 CercleFinance.com. All rights reserved.
The personal care product maker saw its adjusted gross margin increase by 30 basis points to 59.6%, for revenues that are pretty much flat (-0.5%) at under 3.9 billion dollars, although which are up 4% in organic terms.
For 2019, the group still expects EPS to fall in a mid-single-digit range, while it forecasts an expansion in its gross margin and sales that it expects will increase in low single digits (+2% to +4% in organic terms).
Copyright (c) 2019 CercleFinance.com. All rights reserved.