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Stock impact report

Clorox (CLX) Is “Down So Low,” It's Looking Up To Me, Says Jim Cramer [Yahoo! Finance]

Clorox Company (The) (CLX) 
Last clorox company (the) earnings: 5/1 06:30 am Check Earnings Report
Company Research Source: Yahoo! Finance
The Clorox Company (NYSE:CLX)'s fiscal first-quarter earnings were anything but stellar as the firm reported a 19% revenue drop to $1.43 billion. The decline, which beat analyst estimates of $1.39 billion, was attributed to an enterprise resource planning (ERP) software change. Ahead of the earnings, Cramer pointed out that The Clorox Company (NYSE:CLX)'s 30% decline for the year was representative of a new trading environment where investors were hesitant to pile into consumer goods stocks during periods of economic worries. In this appearance, he remarked that the dip in The Clorox Company (NYSE:CLX)'s shares appeared to be over: “David when sometimes stocks are down so low, they look up to me and that's Clorox. Clorox had. . .a horrendous quarter, absolutely terrible, had this ERP, that just obliterated their earnings. And the stock's up two because it was just down so much, enough is enough.” Clorox (CLX) Is "Down So Low," It's Looking Up To Me, Says Jim Cramer Andrey_Popov Show less Read more
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