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Why Colgate’s Improving Trends Failed to Impress Investors

Why Colgate’s Improving Trends Failed to Impress Investors

Colgate-Palmolive (CL) reported better-than-expected first-quarter earnings thanks to the lower effective tax rate. The company’s top line also improved on a YoY (year-over-year) basis, with strong volumes growth seen in North America. Favorable currency rates also supported its net sales growth.