Colgate-Palmolive Company (CL) said before open Friday that it earned $0.77 per share in quarter four 2022. The company reported earnings on an adjusted basis, so it may not be directly comparable to analyst estimates or prior periods.

On the revenue line, the company reported $4.6 billion, beating estimates by $39 million.

In the same quarter a year ago, the company earned $0.79 per share on revenue of $4.4 billion.

The stock is down 3.36% to $72.92 after the report.

Despite revenues increasing, earnings decreased, signaling a decline in profit margins.

The average recommendation from Wall Street analysts was a Buy which may get revised based on this new data.

Trading in the five days leading up to the report earned Colgate-Palmolive Company a Neutral Sentiment Rank from Investors Observer.

Prior to the report, Investors Observer gave the stock an overall score of 44. Meanwhile, the average Wall Street analyst rated the stock a Buy.

Since its founding in 1806, Colgate-Palmolive has grown to become a leading global consumer product company. In addition to its namesake oral care line, the firm manufactures shampoos, shower gels, deodorants, and home care products that are counties sold in over 20 (international sales account for about 70% of its consolidated total, including approximately 45% from emerging regions). It also owns specialty pet food maker Hill’s, which sells its products through veterinarians and specialty pet retailers.