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Colgate-Palmolive Shares Dip on Sales Miss

Shares of the consumer products giant were down after booking lackluster quarterly sales.

Shares of Colgate-Palmolive (CL) - Get Colgate-Palmolive Company Report are down Thursday after booking lower-than-expected third quarter sales. The consumer products giant reported sales of $3.87 billion, missing analysts' estimates by about $70 million. CEO Ian Cook said in a statement. that foreign currency headwinds and the deconsolidation of Colgate-Palmolive's Venezuelan operations helped pressure the company's top line. "As we look ahead, macroeconomic conditions and foreign exchange volatility remain challenging," Cook noted.

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