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 CINCINNATI (AP) - Boosted by new products from familiar brands and growth in emerging markets, consumer products makers Procter & Gamble Co. and Colgate-Palmolive Co. posted double-digit quarterly earnings increases Tuesday and offered bright outlooks.
"We are now in the best position we have ever been of stuff coming along to help our gross profit," Colgate-Palmolive Chief Executive Reuben Mark said in a conference call with investors. The company said it has a full pipeline of new products around the world and expects double-digit earnings per share growth for the year ahead.
The New York-based maker of toothpaste, soaps and Science Diet pet food said fourth-quarter profit rose 11 percent as revenue increased across divisions.
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