OAKLAND, Calif. (AP) — OAKLAND, Calif. (AP) — Clorox Co. (CLX) on Wednesday reported fiscal first-quarter profit of $22 million.
The Oakland, California-based company said it had net income of 17 cents per share. Earnings, adjusted for non-recurring costs, came to 49 cents per share.
The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of 20 cents per share.
The consumer products maker posted revenue of $1.39 billion in the period, also surpassing Street forecasts. Five analysts surveyed by Zacks expected $1.3 billion.
Clorox expects full-year earnings in the range of $4.30 to $4.80 per share.
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