News Formal

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

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 97%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

Shares of Clorox Co. jumped 7% in the extended session Wednesday after the maker of eponymous cleaning products reported quarterly profit and sales well...

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.

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 3. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

AMD shares rise as chipmaker tops expectations, Starbucks shares fall and other stocks on the moveAMD, Match Group, Starbucks and Electronic Arts are on the move.
Källa: MarketWatch - 🏆 3. / 97 Läs mer »

SolarEdge casts another cloud over industry, but bulls aren’t fretting amid stock’s plungeSolarEdge has warned of demand challenges, and that's dragging down shares of industry players Wednesday.
Källa: MarketWatch - 🏆 3. / 97 Läs mer »

Stocks making the biggest moves after hours: PayPal, Robinhood, Qualcomm, Clorox, DoorDash and moreThese are the stocks posting the largest moves in extended trading.
Källa: CNBC - 🏆 12. / 72 Läs mer »