Colgate-Palmolive Co. said its normalized net income for the fourth quarter amounted to 64 cents per share, compared with the S&P Capital IQ consensus estimate of 72 cents per share.
EPS declined year over year from 65 cents.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $570.5 million, a decline from $598.9 million in the prior-year period.
The normalized profit margin climbed to 14.6% from 14.2% in the year-earlier period.
Total revenue fell 7.6% year over year to $3.90 billion from $4.22 billion, and total operating expenses decreased 8.6% year over year to $2.93 billion from $3.21 billion.
Reported net income came to $624.9 million, or 70 cents per share, compared to $626.2 million, or 68 cents per share, in the year-earlier period.
For the year, the company's normalized net income totaled $2.52 per share, compared with the S&P Capital IQ consensus normalized EPS estimate of $2.79.
EPS declined from $2.62 in the prior year.
Normalized net income was $2.29 billion, a fall of 5.5% from $2.42 billion in the prior year.
Full-year total revenue fell 7.2% year over year to $16.03 billion from $17.28 billion, and total operating expenses decreased 7.9% on an annual basis to $12.10 billion from $13.13 billion.
The company said reported net income rose 13.1% year over year to $2.47 billion, or $2.71 per share, in the full year, from $2.18 billion, or $2.36 per share.