Colgate-Palmolive (CL) Stock Surges After Reporting Q3 Report

No one can deny that reporting the better than average results of the quarterly report is the best thing that can happen to the company before the new quarter. As happened today with Colgate-Palmolive company after they have reported the third-quarter report, which has beaten all expectations of the analysts. During today’s trading session, the company has gained more than a 1% increase in the stock valuation. However, the analysts already forecasted such a surge, it didn’t stop the price indicators to increase.

According to the report of the third quarter, the company increased its net sales by 6.5%. Moreover, the company has reported an increase in net cash, which has totaled $2,219 million. Furthermore, Colgate’s leadership on the global market has reached the mark of 39.5% for the current year, with leadership in toothbrushes of 31.0%.