Colgate earnings to be cut by Venezuelan currency devaluation
February 12, 2013 12:42 AM EST
In addition, Colgate expects earnings to be reduced by 5 cents to 7 cents per share per quarter in 2013, due to the translation of financial statements at the new Venezuelan exchange rate.
The devaluation will not have any impact on its 2012 results, or its financial position, Colgate said.
(Reporting By Martinne Geller in New York; Editing by Gerald E. McCormick)