Clorox Shares Rise 5.8% After Company Reports Better Than Expected Sales, Profit
Clorox Co. shares rose 5.8% in premarket trade Wednesday after the company reported better-than-expected sales and profit for its second quarter. The consumer and institutional products company said it had earnings of $128 million, or 97 cents per share, compared to $118 million, or 90 cents per share in the year-earlier period. The FactSet consensus for the quarter was 90 cents per share . Net sales rose to $1.345 billion from $1.308 billion, also above the FactSet consensus of $1.304 billion. The company said it now sees fiscal year 2015 sales up about 1% and earnings per share at $4.40 to $4.55, compared with analyst expectations of $4.46.
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