Church & Dwight up after Q3 results beat on higher prices, volumes

Church & Dwight

01/11/2024 12:58

** Shares of Trojan condom maker Church & Dwight  CHD.N 
rise 1.5% to $101.42 premarket 
    ** Reports Q3 revenue of $1.51 bln, beating analysts'
expectations of $1.50 bln, and adjusted EPS of 79 cents vs.
estimates of 68 cents - data compiled by LSEG
    ** However, repeated price hikes on co's household products
is pushing customers into buying fewer name brands, and look for
cheaper alternatives
    ** Expects Q4 revenue to rise about 1.5% to 2.5%, below
analysts' estimates of a 2.97% rise, and forecasts adjusted EPS
of 76 cents, lower than estimates of 86 cents
    ** Up to Thursday's close, stock has risen ~6% YTD

 (Reporting by Neil J Kanatt in Bengaluru)
 ((Neil.JKanatt@thomsonreuters.com;))