Clorox tops Street forecasts

  • Clorox logo
    Clorox logo

OAKLAND, Calif. (AP) – Clorox Co. (CLX) on Friday reported fiscal third-quarter profit of $241 million.

On a per-share basis, the Oakland, California-based company said it had net income of $1.89. The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.72 per share.

The consumer products maker posted revenue of $1.78 billion in the period, also beating Street forecasts. Three analysts surveyed by Zacks expected $1.71 billion.

Clorox expects full-year earnings to be $6.70 to $6.90 per share. Clorox shares have climbed 22% since the beginning of the year, while the Standard & Poor’s 500 index has fallen roughly 10%. The stock has climbed 19% in the last 12 months.