Clorox Co., known for its Pine-Sol surface cleaners and Glad trash bags, has raised its sales and profit forecast for the fiscal year 2024 following a stronger-than-expected recovery from a cyberattack that occurred in 2023. The company reported second-quarter earnings per share (EPS) of $2.16, which exceeded the estimated $1.10, and sales of $1.99 billion, surpassing the expected $1.80 billion. Consequently, Clorox has updated its full-year adjusted EPS guidance to a range of $5.30 to $5.50, up from the previous forecast of $4.30 to $4.80. The positive financial news has led to a significant increase in Clorox's stock price, which rose 7% in after-hours trading.
Clorox shares climb as bleach maker rebounds from 2023 cybersecurity attack $CLX https://t.co/jOgj4TUInW
Clorox shares climb as bleach maker rebounds from 2023 cybersecurity attack - my story for @MarketWatch #Clorox $CLX https://t.co/isGlMyPQfn
Clorox shares climb as bleach maker rebounds from 2023 cybersecurity attack https://t.co/D3HwiRT3Yy
Earnings triple play for Clorox $CLX with EPS and revenue beats and a big full-year 2024 EPS guidance raise. Stock is up 7% after hours.
$CLX | Clorox Q2 Earnings: - Adj EPS $2.16 (Est. $1.10) - Sales $1.99B (Est. $1.80B)
Clorox raised its sales and profit forecast for the year as the maker of Pine-Sol surface cleaners and Glad trash bags bounced back from a cyberattack faster than expected https://t.co/3SQfQhPamP
$CLX Clorox raises FY24 adj EPS view to $5.30-$5.50 from $4.30-4.80, stock up 4.7% after hours -2Q EPS 2.16 vs consensus 1.10 -2Q net sales $1.99bn vs est $1.79bn
⚠️ BLEACH MAKER CLOROX LIFTS ANNUAL SALES, PROFIT FORECASTS ON FASTER INVENTORY RECOVERY Full Story → https://t.co/fuu1b00JTk https://t.co/20FTlsium5