Clorox Co. recently released their earnings report for the second quarter which, whilst lower than the same period in the previous year, still surpassed analyst predictions. The report revealed a bottom line of $93 million, equating to $0.75 per share, a dip compared to the $99 million or $0.80 per share documented in the second quarter of the preceding year.
When excluding certain elements, the adjusted earnings of Clorox Co. were $2.16 per share for this period. This is in contrast to analysts' average expectations, compiled by Thomson Reuters, which anticipated company earnings of $1.10 per share, though this estimation typically omits special items.
The company also reported a 15.7% rise in quarter revenue, surging from $1.72 billion to $1.99 billion when compared with the previous year.
To summarize the earnings of Clorox Co. in accordance with the Generally Accepted Accounting Principles (GAAP):
- Second quarter earnings were $93 million, down from $99 million from the last year.
- Earnings per share (EPS) in Q2 were at $0.75, less than last year's $0.80.
- The analyst estimates were pitched at $1.10.
- The revenue for the second quarter amounted to $1.99 billion, a step up from $1.72 billion in the last year.
For future forecast, Clorox Co. is projecting a full-year earnings per share guidance between $5.30 and $5.50.
