Clorox posts 2Q profit, results top Wall Street forecasts

MarketsAssociated Press

Clorox Co. (CLX) on Wednesday reported fiscal second-quarter earnings of $125 million.

On a per-share basis, the Oakland, California-based company said it had net income of 95 cents. Earnings, adjusted to account for discontinued operations, came to 97 cents per share.

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The results topped Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 90 cents per share.

The consumer products maker posted revenue of $1.35 billion in the period, also exceeding Street forecasts. Analysts expected $1.3 billion, according to Zacks.

Clorox expects full-year earnings to be $4.40 to $4.55 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 stayed nearly flat. The stock has climbed 25 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