OAKLAND, Calif. (AP) — OAKLAND, Calif. (AP) — Clorox Co. (CLX) on Monday reported fiscal fourth-quarter profit of $163 million.
The Oakland, California-based company said it had net income of $1.34 per share. Earnings, adjusted for non-recurring costs, came to $1.66 per share.
The results exceeded Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.64 per share.
The consumer products maker posted revenue of $1.95 billion in the period, which also beat Street forecasts. Six analysts surveyed by Zacks expected $1.91 billion.
For the year, the company reported profit of $587 million, or $4.81 per share. Revenue was reported as $6.72 billion.
Clorox expects full-year earnings in the range of $5.70 to $6 per share.
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