A trio of firms that derive profits from products for personal cleanliness and beauty reported improving quarterly results Tuesday.
all said earnings rose in the fourth quarter, citing strong product sales and cost containment.
New York-based Colgate said it earned $340.9 million, or 59 cents a share, in the fourth quarter, including a writedown of its Argentine operations, compared with $295.3 million, or 49 cents a share, a year ago. Analysts had been forecasting earnings of 58 cents a share. Sales rose 3.8 percent to $2.42 billion.
Direct-marketer Avon earned $193 million, or 80 cents a share, in the latest quarter compared with $110.4 million, or 46 cents, a year ago. Analysts had been predicting earnings of 79 cents a share. Sales rose 5% to $1.84 billion.
And drugstore CVS said it earned $196.4 million, or 49 cents a share, in the latest quarter compared with a year-ago loss of $133.8 million, or 34 cents a share. Analysts had been predicting earnings of 47 cents a share. Sales rose 6.6% to $6.34 billion.