(Reuters) - Colgate-Palmolive Co , the world's largest toothpaste maker, reported a better-than-expected quarterly profit as cost cuts helped the company offset the negative impact of a stronger dollar. The company gets about 80 percent of its revenue from outside the United States. Colgate's gross margins rose in the quarter ended December 31 as the company cut costs by negotiating better lease terms with suppliers, using cheaper raw material and reducing packaging material in products. Analysts on average are expecting earnings of $3.08 per share in 2014, according to Thomson Reuters I/B/E/S. Colgate's net profit fell to $564 million, or 60 cents per share, in the fourth quarter from $598 million, or 63 cents per share, a year earlier.
via Health News Headlines - Yahoo News http://ift.tt/1iP4cxJ
No comments:
Post a Comment