Church & Dwight: 2Q Earnings Snapshot
EWING, N.J. (AP) _ Church & Dwight Co. (CHD) on Wednesday reported second-quarter profit of $138.5 million.
On a per-share basis, the Ewing, New Jersey-based company said it had net income of 55 cents. Earnings, adjusted for non-recurring costs, came to 57 cents per share.
The results exceeded Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of 52 cents per share.
The maker of household and personal products posted revenue of $1.08 billion in the period, also exceeding Street forecasts. Nine analysts surveyed by Zacks expected $1.07 billion.
For the current quarter ending in October, Church & Dwight expects its per-share earnings to be 60 cents.
Church & Dwight shares have climbed 17% since the beginning of the year. The stock has increased 39% in the last 12 months.