Clorox stock rallies 8% after company's results beat estimates despite cyberattack

Clorox Co. late Wednesday cut its full-year outlook in the wake of a cyberattack that upended its operations, but the stock jumped after hours as the cleaning-products maker reported fiscal first-quarter results that weren’t as bad as expected.

Adjusted for the costs associated with the breach, as well as investments in “productivity enhancements,” Clorox earned 49 cents a share. Still, the company said it expected full-year sales to be down “mid- to high single digits,” compared to prior estimates for sales that were “flat to up 2%.” “After entering the fiscal year with solid momentum, the August cyberattack caused wide-scale disruptions that are impacting our short-term financial performance,” Chief Executive Linda Rendle said in a statement on Wednesday.

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