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.
Sverige Senaste nytt, Sverige Rubriker
Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.
Stocks making the biggest moves after hours: SolarEdge, Qualcomm, Etsy, Clorox and moreThese are the stocks posting the largest moves in extended trading.
Läs mer »
Wingstop’s stock pops 7% after earnings beat estimates by a wide marginCiara Linnane is MarketWatch's investing- and corporate-news editor. She is based in New York.
Läs mer »