Colgate-Palmolive Co, the world's largest toothpaste maker, reported a 6 percent fall in quarterly profit, hurt by a stronger dollar. The company's net profit fell to $564 million, or 60 cents per share, in the fourth quarter ended Dec. 31 from $598 million, or 63 cents per share, a year earlier.Excluding items, Colgate-Palmolive earned 75 cents per share.The company's sales rose 2 percent to $4.36 billion. Organic sales, which strip out the impact of acquisitions, divestitures and foreign exchange, increased 6.5 percent.Colgate-Palmolive said foreign exchange fluctuations hurt sales by 4.5 percent.
Colgate-Palmolive Company (Colgate) is a consumer products company whose products are marketed in over 200 countries and territories throughout the world. Shares of CL fell by 2.04% or $-1.28/share to $61.59. In the past year, the shares have traded as low as $53.37 and as high as $66.49. On average, 2872250 shares of CL exchange hands on a given day and today's volume is recorded at 5682173.
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