Cleaning products maker The Clorox Company (CLX) on Thursday posted better-than-expected second quarter earnings and stood by its full-year outlook.
The Oakland, CA-based company reported fourth quarter net income of $174 million, or $1.32 per share, compared with $169 million, or $1.26 per share, in the year-ago period.
Revenue rose 4% from last year $1.54 billion.
On average, Wall Street analysts expected a smaller profit of $1.27 per share, on slightly lower revenue of $1.53 billion.
Looking ahead, CLX reiterated its full-year outlook of $4.20 to $4.35 per share, while analysts are looking for $4.28 per share for the year.
Clorox shares were mostly flat in premarket trading Thursday.
The Bottom Line
Shares of Clorox (CLX) have a 3.55% dividend yield, based on last night’s closing stock price of $72.16. The stock has technical support in the $68-$70 price area. The shares are trading near all-time highs.
The Clorox Company (CLX) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.