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Stock impact report

Clorox (CLX) Q3 Earnings Beat Estimates, Revenues Down Y/Y [Yahoo! Finance]

Clorox Company (The) (CLX) 
Last clorox company (the) earnings: 5/1 06:30 am Check Earnings Report
Company Research Source: Yahoo! Finance
Significant gains from pricing actions and ongoing cost-saving initiatives aided the performance. Results also benefited from a solid innovation pipeline and digital transformation. CLX has been on track with its streamlined operating model, which aims to improve efficiency. Shares of this currently Zacks Rank #3 (Hold) company have risen 17.1% in the past three months compared with the industry's 5.8% growth. Q3 Update Adjusted earnings of $1.71 per share jumped 13% year over year and beat the Zacks Consensus Estimate of $1.33. Bottom-line results gained from increased margins, and gains from pricing and cost savings, somewhat offset by adverse currency as well as lower volumes and increased manufacturing and logistics costs. Adjusted earnings excluded one-time costs related to the recent cyberattack incident, and ongoing digital capabilities and productivity enhancements of 16 cents and 19 cents, respectively. CLX's pricing and ongoing cast-saving initiatives contributed to Show less Read more
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