Colgate-Palmolive lowered quarterly profit by 14%

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American company Colgate-Palmolive, producing consumer goods, reported that in the third quarter, its net profit fell by 14% in annual terms to $523 million. Adjusted earnings per share were 72 cents, confirming the forecast of experts. Quarterly revenue fell by 3% to 3 billion 850 million dollars, while analysts had predicted 3 billion 890 million dollars. The division producing oral care products, household chemicals and personal hygiene products for the period decreased revenues by $138 million. At the same time, the division producing pet products reported a revenue growth of $9 million. The decline was observed in all regions except North America.

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