OAKLAND, Calif. (AP) — OAKLAND, Calif. (AP) — Clorox Co. (CLX) on Thursday reported fiscal fourth-quarter net income of $332 million.
On a per-share basis, the Oakland, California-based company said it had profit of $2.68. Earnings, adjusted for non-recurring costs, came to $2.87 per share.
The results surpassed Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $2.24 per share.
The consumer products maker posted revenue of $1.99 billion in the period, also topping Street forecasts. Six analysts surveyed by Zacks expected $1.93 billion.
For the year, the company reported profit of $810 million, or $6.52 per share. Revenue was reported as $7.1 billion.
Clorox expects full-year earnings in the range of $5.95 to $6.30 per share.
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