Colgate-Palmolive Beats Q3 Estimates, Raised FY Guidance

Seeking Alpha2023-10-27

Colgate-Palmolive(NYSE: CL): Q3 Non-GAAP EPS of $0.86 beats by $0.06.Revenue of $4.92B (+10.3% Y/Y) beats by $100M.New Relic press release (NEWR): Q2 Non-GAAP EPS of $0.51 beats by $0.12.Revenue of $...

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Non-GAAP gross margin was 79.7%, compared to 73.7% one year ago.Operating Income and Non-GAAP Operating Income(1): Loss from operations was $(20.5) million, compared to $(45.3) million one year ago. Non-GAAP operating income was $45.2 million, compared to $6.9 million one year ago.Operating Margin and Non-GAAP Operating Margin(1): Operating margin was (8.4)%, compared to (20.0)% one year ago. Non-GAAP operating margin was 18.6%, compared to 3.0% one year ago.Net Income Per Share and Non-GAAP Net Income Per Share(1): Fully diluted net loss per share was $(0.34), compared to $(0.70) one year ago, while non-GAAP fully diluted net income per share was $0.51, compared to $0.14 one year ago. 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