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But sales fall 3% in fiscal Q3.
February 7, 2011
By: TOM BRANNA
Editor
Clorox Corporationposted a marginal increase in second-quarter fiscal 2011 earnings of 68 cents a share compared with 66 cents in the year-ago quarter, surpassing the Zacks Consensus Estimate of 62 cents. Clorox’s net sales during the quarter declined 3.0% year over year to $1,179 million from $1,215 million in the year-ago quarter, marginally surpassing the Zacks Consensus Estimate of $1,176 million. The decline was primarily attributable to lower volume, unfavorable impact of the Ve...
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