Colgate-Palmolive Co. shares are down 0.7% in premarket trades despite the toothpaste and toothbrush giant reporting better-than-expected fourth-quarter profit and hitting a full-year revenue milestone.

Colgate-Palmolive Co. (CL) revealed earnings for its fourth quarter that increased from the same period last year and beat the

NEW YORK (AP) — NEW YORK (AP) — Colgate-Palmolive Co. (CL) on Friday reported fourth-quarter net income of $739 million. The New York-based company said it had profit of 90 cents per share. Earnings, adjusted for non-recurring costs, came to 91 cents per share.

Colgate-Palmolive maintained its leadership position in oral care, with a 41.4% global market share in toothpaste and a 32.2% share in manual toothbrushes year-to-date. The company's gross profit margin expanded 70 basis points to 60.3% in Q4, both on a GAAP and adjusted basis.

Colgate Palmolive (India) reported a third-quarter profit that came in below market estimates on Tuesday, hurt by dwindling demand from urban consumers and higher expenses.