Colgate performs well, it is claimed

Colgate is performing “superbly” despite the recession, it has been claimed.

Investopedia explained some companies have proved they are able to maintain profitability through the current economic downturn and the toothpaste maker is one such firm.

The business is expected to increase earnings to 96 cents (64 pence) per share this quarter, an increase of 89 cents, the online resource remarked.

It has enjoyed “solid business” and has raised the price of some of its products.

“Considering the doomed state of the economy according to the headlines, Colgate is performing superbly,” the website remarked.

There are rumours that the business is financially strong enough to be a possible candidate to takeover Sarah Lee’s household care products division, it concluded.

Meanwhile, Barron’s quoted research from the firm Caris suggesting that the firm’s “string of success might be at an end”.

It explained how Colgate had lowered its forecasts as profit growth estimates had grown too high on Wall Street considering the foreign-exchange rates for a global products operation.