Clorox shares are trading lower after the company reported preliminary Q1 financial results and said it is in the process of assessing the impact of the cybersecurity attack on FY24 and beyond.
Portfolio Pulse from Benzinga Newsdesk
Clorox reported preliminary Q1 financial results and is assessing the impact of a previously-announced cybersecurity attack on FY24 and beyond. This has led to a decrease in the company's share price.
October 05, 2023 | 12:39 pm
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NEGATIVE IMPACT
Clorox's share price has decreased due to preliminary Q1 financial results and the potential impact of a cybersecurity attack on future fiscal years.
The decrease in Clorox's share price is likely due to the company's preliminary Q1 financial results and the uncertainty surrounding the impact of a previously-announced cybersecurity attack on future fiscal years. Investors may be concerned about the potential financial implications of the cybersecurity attack, leading to a decrease in demand for the company's shares.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100