Clorox up after annual profit forecast above estimates, Q4 profit beat
** Shares of bleach maker Clorox CLX.N up ~4% at $140 after the bell
** Co forecasts annual profit above estimates owing to lower costs of manufacturing, logistics and commodity
** Expects FY25 profit in the range of $6.55 to $6.80 per share vs LSEG estimates of $6.45 per share
** Logs quarterly adj. profit of $1.82 per share, topping estimates of $1.56 per share
** However, CLX's quarterly sales decrease due to impact from poor weather, divestiture of Argentina business, distribution recovery and lower consumption in household business
** Posts Q4 rev of $1.90 bln vs estimates of $1.95 bln
** Sees annual sales in the range of flat to down 2%, below analysts' estimates of a 2.55% rise
** Up to last close, stock down about 6% YTD
Reporting by Anuja Bharat Mistry in Bengaluru
Related Assets
Latest News
Disclaimer: The XM Group entities provide execution-only service and access to our Online Trading Facility, permitting a person to view and/or use the content available on or via the website, is not intended to change or expand on this, nor does it change or expand on this. Such access and use are always subject to: (i) Terms and Conditions; (ii) Risk Warnings; and (iii) Full Disclaimer. Such content is therefore provided as no more than general information. Particularly, please be aware that the contents of our Online Trading Facility are neither a solicitation, nor an offer to enter any transactions on the financial markets. Trading on any financial market involves a significant level of risk to your capital.
All material published on our Online Trading Facility is intended for educational/informational purposes only, and does not contain – nor should it be considered as containing – financial, investment tax or trading advice and recommendations; or a record of our trading prices; or an offer of, or solicitation for, a transaction in any financial instruments; or unsolicited financial promotions to you.
Any third-party content, as well as content prepared by XM, such as: opinions, news, research, analyses, prices and other information or links to third-party sites contained on this website are provided on an “as-is” basis, as general market commentary, and do not constitute investment advice. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, it would be considered as marketing communication under the relevant laws and regulations. Please ensure that you have read and understood our Notification on Non-Independent Investment. Research and Risk Warning concerning the foregoing information, which can be accessed here.
