Colgate-Palmolive warns of potential Q1 losses from Venezuelan currency

|About: Colgate-Palmolive Co. (CL)|By:, SA News Editor

Colgate-Palmolive (CL) warns it could book one-time losses of $180M-$200M, or $0.19-$0.21/share, during the current quarter tied to Venezuela's recent moves related to the exchange rate for foreign investments.

The warning comes a week after Procter & Gamble (PG) cut its FY 2014 profit guidance, citing the devaluation of Venezuela's bolivar.

CL also says it is unclear how a new Venezuelan law establishing a maximum 30% profit margin may affect its current pricing strategy in the region.

CL -0.4% AH.