CLX Reports Strong Q2 with Earnings and Revenue Beating Estimates
CLX (Clorox Co.) announced its fiscal second-quarter financial results on Monday, exceeding Wall Street expectations. The company reported a net income of $193 million, or $1.54 per share, for the quarter. Adjusted for non-recurring costs, earnings stood at $1.55 per share.
Revenue for the period reached $1.69 billion, surpassing analyst forecasts of $1.63 billion. Clorox also provided guidance for the full year, expecting earnings per share to range between $6.95 and $7.35.
These positive results suggest a strong demand for Clorox's consumer products amidst an uncertain economic environment. The company continues to benefit from its diversified portfolio of brands and its focus on innovation.