Clorox announced earnings that beat estimates by a nickel coming in at $1.88 a share for the quarter which was well above last year’s $1.66 a share.
Revenue though missed estimates coming in at 1.63 billion, a 4% decline from a year ago. Estimates had revenue coming in at $1.69 billion.
For the year though the company reported $6.32 a share, up from $6.26 a share for the prior year. Sales were $6.21 billion for the year versus $6.12 billion last year.
The stock is sinking primarily on the back of forward guidance which sees growth flat to up 2%.
I entered new trades this morning in the stock.
The rest of this trade alert and ideas article is for FullyInformed Members.
Clorox Stock (CLX) Plunge Sets Up New Trade Alerts – Aug 1 2019
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