Clorox: Fiscal 4Q Earnings Snapshot
OAKLAND, Calif. (AP) _ Clorox Co. (CLX) on Thursday reported fiscal fourth-quarter profit of $217 million.
On a per-share basis, the Oakland, California-based company said it had profit of $1.66.
The results surpassed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.58 per share.
The consumer products maker posted revenue of $1.69 billion in the period, which did not meet Street forecasts. Five analysts surveyed by Zacks expected $1.72 billion.
For the year, the company reported profit of $823 million, or $6.26 per share. Revenue was reported as $6.12 billion.
Clorox expects full-year earnings to be $6.32 to $6.52 per share.
Clorox shares have declined roughly 10 percent since the beginning of the year, while the Standard & Poor’s 500 index has climbed 5 percent. The stock has increased nearly 1 percent in the last 12 months.