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Clorox Fiscal Q3 Adjusted Earnings Rise, Sales Fall; Fiscal 2024 Earnings Outlook Boosted; Shares Drop After Hours
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Clorox Fiscal Q3 Adjusted Earnings Rise, Sales Fall; Fiscal 2024 Earnings Outlook Boosted; Shares Drop After Hours
Apr 30, 2024 2:32 PM

05:07 PM EDT, 04/30/2024 (MT Newswires) -- Clorox (CLX) reported fiscal Q3 adjusted earnings Tuesday of $1.71 per diluted share, up from $1.51 a year earlier.

Analysts surveyed by Capital IQ expected $1.38.

Sales in the quarter ended March 31 fell to $1.81 billion from $1.92 billion a year earlier.

Analysts surveyed by Capital IQ expected $1.87 billion.

The company boosted fiscal year 2024 adjusted earnings guidance to $5.80 to $5.95 per diluted share from $5.30 to $5.50. Analysts surveyed by Capital IQ expect $5.62.

The company expects net sales for the year to be down low-single digits. Analysts surveyed by Capital IQ expect $7.23 billion.

Clorox shares fell 3.3% in after-hours activity.

Price: 143.00, Change: -4.87, Percent Change: -3.29

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