01.25.06
Colgate-Palmolive Co. announced that fourth-quarter profits rose to surpass Wall Street's estimation, due to higher sales, prices and cost savings from its restructuring program.
The company noted that earnings increased to $361.2 million (65 cents a share) from $285.7 million (50 cents) a year ago.
Sales for the three months ended Dec. 31 rose to $2.9 billion from $2.8 billion in last year's fourth quarter.
Colgate-Palmolive expects double-digit percent gains in earnings per share for the first quarter and fiscal year.