Colgate-Palmolive Beats Earnings, Misses Revenue

Shares of Colgate-Palmolive were on the rise despite posting mixed quarterly results.
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Shares of Colgate-Palmolive (CL) - Get Report were on the rise despite posting mixed quarterly results. The consumer products maker reported earnings of $0.70 a share, which barely topped estimates. But revenue of $3.85 billion fell just shy of Wall Street's prediction. Organic sales grew 4.5 percent year-over-year, something that pleased CEO Ian Cook in the face of challenging macroeconomic conditions worldwide. The stock has climbed more than 10 percent since the beginning of the year.