Clorox: Fiscal 4Q Earnings Snapshot
OAKLAND, Calif. (AP) _ Clorox Co. (CLX) on Thursday reported fiscal fourth-quarter earnings of $241 million.
The Oakland, California-based company said it had profit of $1.88 per share.
The results surpassed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.85 per share.
The consumer products maker posted revenue of $1.63 billion in the period, missing Street forecasts. Four analysts surveyed by Zacks expected $1.69 billion.
For the year, the company reported profit of $820 million, or $6.32 per share. Revenue was reported as $6.21 billion.
Clorox expects full-year earnings to be $6.30 to $6.50 per share.
Clorox shares have risen 5.5% since the beginning of the year, while the Standard & Poor’s 500 index has climbed 19%. The stock has risen 20% in the last 12 months.