OAKLAND, Calif. (AP) — OAKLAND, Calif. (AP) — Clorox Co. (CLX) on Tuesday reported a loss of $51 million in its fiscal third quarter.
On a per-share basis, the Oakland, California-based company said it had a loss of 41 cents. Earnings, adjusted for non-recurring costs, were $1.71 per share.
The results beat Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.33 per share.
The consumer products maker posted revenue of $1.81 billion in the period, falling short of Street forecasts. Six analysts surveyed by Zacks expected $1.88 billion.
Clorox expects full-year earnings in the range of $5.80 to $5.95 per share.
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