January 26, 2018 / 12:33 PM / in 7 months

Colgate-Palmolive quarterly sales miss estimates

(Reuters) - Colgate-Palmolive Co (CL.N) reported on Friday a lower quarterly profit and weaker-than-expected sales.

FILE PHOTO: Colgate toothpaste is pictured on sale at a grocery store in Pasadena, California January 30, 2014. REUTERS/Mario Anzuoni

The world’s largest toothpaste maker said sales rose 4.5 percent to $3.9 billion in the quarter ended Dec. 31.

Analysts on average had expected sales of $3.92 billion, according to Thomson Reuters I/B/E/S.

Net income plunged to $323 million, or 37 cents per share, from $606 million, or 68 cents per share.

Reporting by Sangameswaran S in Bengaluru; Editing by Maju Samuel

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