Colgate-Palmolive Co. (CL – Free Report) posted adjusted earnings of 72 cents a share, in line with the Zacks Consensus Estimate and up 3% from 70 cents earned in the prior-year quarter.

Visualization by Graphiq

Including one-time items, earnings came in at 59 cents a share compared with 67 cents reported in the year-ago period.

Despite earnings beat, Colgate’s shares are down 2.3% during pre-market trading hours, as investors remained skeptical about the company’s top-line performance that fell short of expectations for the fifth straight quarter. In fact, in the last three months, the stock has declined 2.1% compared with the broader industry’s growth of 2.9%.