OAKLAND, Calif. (AP) — OAKLAND, Calif. (AP) — Clorox Co. (CLX) on Tuesday reported a loss of $211 million in its fiscal third quarter.
On a per-share basis, the Oakland, California-based company said it had a loss of $1.71. Earnings, adjusted for asset impairment costs and non-recurring costs, came to $1.51 per share.
The results surpassed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.20 per share.
The consumer products maker posted revenue of $1.92 billion in the period, which also beat Street forecasts. Six analysts surveyed by Zacks expected $1.83 billion.
Clorox expects full-year earnings in the range of $4.35 to $4.50 per share.
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