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Clorox beats 2Q net income expectations, meets revenue forecasts

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OAKLAND, California — Clorox Co. (CLX) on Thursday reported fiscal second-quarter net income of $149 million.

On a per-share basis, the Oakland, California-based company said it had profit of $1.13. Earnings, adjusted to account for discontinued operations, were $1.14 per share.

The results surpassed Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $1.05 per share.

The consumer products maker posted revenue of $1.35 billion in the period, matching Street forecasts.

Clorox expects full-year earnings to be $4.75 to $4.90 per share.

Clorox shares have climbed slightly more than 3 percent since the beginning of the year, while the Standard & Poor's 500 index has fallen slightly more than 6 percent. The stock has risen 22 percent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CLX at http://www.zacks.com/ap/CLX

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Keywords: Clorox, Earnings Report

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