Colgate-Palmolive stock fell 4.6% after missing revenue expectations in Q4 earnings report.
From Nasdaq.: 2025-01-31 17:49:00
Shares of Colgate-Palmolive (NYSE: CL) dropped 4.6% after missing revenue expectations in its fourth-quarter earnings report. Despite organic sales growth of 4.3%, overall revenue fell 0.1% to $4.94 billion due to currency headwinds. The company’s gross margin improved, and earnings per share beat expectations at $0.91. Colgate expects flat revenue for fiscal 2025 with a negative currency impact but remains on track with its long-term sales targets. While the stock decline may present a buying opportunity, investors should consider other top stock picks identified by The Motley Fool’s Stock Advisor team for potential high returns.
Read more at Nasdaq.: Why Colgate-Palmolive Stock Fell Today
