OAKLAND, Calif. (AP) — OAKLAND, Calif. (AP) — Clorox Co. (CLX) on Wednesday reported fiscal first-quarter earnings of $99 million.
On a per-share basis, the Oakland, California-based company said it had net income of 80 cents. Earnings, adjusted for non-recurring costs, were $1.86 per share.
The results beat Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $1.36 per share.
The consumer products maker posted revenue of $1.76 billion in the period, also beating Street forecasts. Six analysts surveyed by Zacks expected $1.63 billion.
Clorox expects full-year earnings in the range of $6.65 to $6.90 per share.
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