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Colgate-Palmolive Q1 profit falls YOY

Colgate-Palmolive Co. said its normalized net income for the first quarter came to 60 cents per share, compared with the S&P Capital IQ consensus estimate of 66 cents per share.

EPS decreased year over year from 62 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $554.0 million, a decline from $577.9 million in the year-earlier period.

The normalized profit margin increased to 13.6% from 13.4% in the year-earlier period.

Total revenue declined 5.9% year over year to $4.07 billion from $4.33 billion, and total operating expenses fell 6.4% year over year to $3.11 billion from $3.32 billion.

Reported net income grew 38.6% from the prior-year period to $540.6 million, or 59 cents per share, from $390.0 million, or 42 cents per share.