Clorox Q1 Adj EPS $0.49 Vs $0.93 Last Year, Sales $1.39B Beat $1.31B Estimate
Portfolio Pulse from Benzinga Newsdesk
Clorox reported Q1 adjusted earnings of $0.49 per share, a 47.31% decrease from $0.93 per share last year. Quarterly sales were $1.39 billion, beating the analyst consensus estimate of $1.31 billion by 5.80%, but representing a 20.34% decrease from $1.74 billion last year.
November 01, 2023 | 8:18 pm
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Clorox's Q1 earnings and sales both decreased YoY, although sales beat analyst estimates. This mixed result could lead to uncertainty in the market.
Clorox's earnings have decreased significantly YoY, which is typically a negative signal to investors. However, the fact that sales beat estimates could offset some of this negativity. The overall impact on the stock price is uncertain due to these mixed signals.
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