Clorox Co (CLX) Releases Earnings Results, Beats Expectations By $0.02 EPS

Clorox Co (CLX) reported quarterly earnings results on Wednesday, Aug-3-2016. The company said it had a profit of $1.30 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.02. Analysts had a consensus of $1.28. The company posted revenue of $1600.00 million in the period, compared to analysts expectations of $1587.79 million. The company’s revenue was up 2.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.44 EPS.

Many Wall Street Analysts have commented on Clorox Co. Clorox Co was Initiated by Atlantic Equities to “Neutral” on Jun 14, 2016.

Clorox Co closed down -1.05 points or -0.80% at $130.3 with 13,55,292 shares getting traded on Tusday. Post opening the session at $131.24, the shares hit an intraday low of $129.86 and an intraday high of $132.1699 and the price fluctuated in this range throughout the day.Shares ended Tusday session in Red.

In a different news, on May 12, 2016, Nikolaos A Vlahos (EVP-COO – Household) sold 2,151 shares at $132.25 per share price. According to the SEC, on Dec 9, 2015, Jon M Balousek (SVP – GM, Specialty Div) sold 1,488 shares at $128.69 per share price. On Dec 8, 2015, Jacqueline P Kane (EVP- HR & Corporate Affairs) sold 852 shares at $127.55 per share price, according to the Form-4 filing with the securities and exchange commission.

The Clorox Company (Clorox) is a United States-based manufacturer and marketer of consumer and professional products. The Company sells its products through mass retail outlets e-commerce channels distributors and medical supply providers. The Company operates through strategic business units that are aggregated into four reportable segments: Cleaning which consists of laundry home care and professional products marketed and sold in the United States; Household which consists of charcoal cat litter and plastic bags wraps and container products; Lifestyle which includes food products water-filtration systems and filters and natural personal care products and International which consists of products sold outside the United States such as laundry home care water-filtration charcoal and cat litter products dressings and sauces plastic bags wraps and containers and natural personal care products.

Clorox Co

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