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Colgate-Palmolive Q2 profit falls YOY

Colgate-Palmolive Co. said its second-quarter normalized net income came to 64 cents per share, compared with the S&P Capital IQ consensus estimate of 69 cents per share.

In the prior-year period, the per-share result came in at a profit of 63 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $573.3 million, a decline from $579.3 million in the prior-year period.

The normalized profit margin increased to 14.9% from 14.2% in the year-earlier period.

Total revenue decreased 5.4% year over year to $3.85 billion from $4.07 billion, and total operating expenses decreased 7.3% from the prior-year period to $2.84 billion from $3.07 billion.

Reported net income grew 5.0% from the prior-year period to $603.7 million, or 67 cents per share, from $574.8 million, or 63 cents per share.