Colgate-Palmolive Falls 2.5% Despite Q1 Beats
Colgate-Palmolive Company (NYSE: CL) reported its 2020 first-quarter results on Friday before market open. While the sprawling consumer goods giant beat analyst estimates on both the top and bottom lines for the quarter, it pulled its full-year 2020 guidance. The company posted just under $4.10 billion in net sales, a 5.5% improvement over the same quarter last year.