Clorox stock rallies 7% after company tops views, outlook also comes above forecast

Shares of Clorox Co. CLX jumped 7% in the extended session Wednesday after the maker of eponymous cleaning products reported quarterly profit and sales well above Wall Street expectations and called for higher earnings and revenue for the year as well. Clorox said it earned $176 million, or $1.42 a share, in the fiscal fourth quarter, compared with $101 million, or 81 cents, in the year-ago period. Adjusted for one-time items, the company earned $1.67 a share.

42 a share, in the fiscal fourth quarter, compared with $101 million, or 81 cents, in the year-ago period. Adjusted for one-time items, the company earned $1.67 a share. FactSet consensus called for adjusted EPS of $1.17. Sales rose 12% to $2 billion, Clorox said, mostly thanks to a “favorable” price mix, which “more than offset” lower volumes. The analysts surveyed by FactSet expected sales of $1.88 billion in the quarter.

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