Earnings Preview: Colgate-Palmolive To Report 3Q

NEW YORK (AP) — Personal care products maker Colgate-Palmolive Co. reports earnings for the fiscal third quarter on Thursday. The following is a summary of key developments and analyst opinion related to the period.

OVERVIEW: Colgate-Palmolive, which makes consumer products such as Palmolive dishwashing liquid, Ajax cleanser and its namesake toothpaste, has raised prices to keep up with higher ingredient costs.

During the second quarter, earnings rose 14 percent, even though consumers shied away from the higher prices, which dampened revenue.

At the time, Chief Executive Ian Cook said the New York company didn't plan on raising prices again for the rest of the year, but the company plans on boosting volume with marketing efforts.

BY THE NUMBERS: Analysts polled by Thomson Reuters expect earnings of $1.11 per share and revenue of $3.94 billion.

ANALYST TAKE: BMO Capital Markets analyst Connie Maneaty expects Colgate to post higher gross margins, helped by lower commodity costs, and said the company is exposed to emerging markets that have great growth prospects.