Recap: Clorox Q2 Earnings
Portfolio Pulse from Benzinga Insights
Clorox (NYSE:CLX) reported Q2 earnings with a significant beat on estimated earnings by 96.36%, posting an EPS of $2.16 against an estimate of $1.1. Revenue increased by $275 million from the same period last year. This follows a pattern of beating EPS estimates in previous quarters, with the last quarter's beat followed by a 6.61% share price increase the next day.
February 01, 2024 | 9:15 pm
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Clorox reported a significant beat on Q2 earnings, with an EPS of $2.16 against estimates of $1.1, and a revenue increase of $275 million YOY. This continues a trend of beating EPS estimates, which previously led to a 6.61% share price increase.
Clorox's significant beat on Q2 earnings expectations, especially with a 96.36% higher EPS than estimated, is likely to positively impact investor sentiment and the stock price in the short term. Historical data shows that past earnings beats have led to share price increases, suggesting a similar outcome may follow this announcement.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100