Colgate-Palmolive earnings, consumer sentiment: What to Watch

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Time now for what to watch Friday, April 25th, sponsored by Tasty Trade. Starting off on the earnings front, we’ll be getting some more corporate earnings to round out the week including AbbVie, Colgate, Palmolive, and Schlumberger. AbbVie will announce results for the first quarter before the markets open. Analysts expect another strong quarter of sales driven by its top two drugs, but weakness in its aesthetics business could weigh on the company’s overall performance. Colgate Palmolive also reporting first quarter earnings in the morning. Analysts anticipate President Trump’s tariffs will increase costs and likely hurt profit margins in the first quarter, but the company could get a boost from expanded production of its Hills Pet Nutrition brand. Turning to the economy, the final consumer sentiment reading for April, it will come out in the morning. Economists forecast that number to dip slightly from the previous reading to 50.6, not a sharp shift, but signaling that sentiment is still stuck at historically low levels.