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Clorox Tops Q4 Estimates

But full-year sales were flat.

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By: TOM BRANNA

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Clorox said early Wednesday its quarterly profit actually fell 1.2% to $169 million, but the figure still topped analysts’ consensus call by more than $10 million. On a per share basis, earnings grew 5% to $1.26 per share, from $1.20 per share, as Clorox repurchased 2.7 million shares of the company’s common stock for $183 million in the recent quarter. Fourth-quarter revenue increased 3.5% to a better-than-expected $1.48 billion, from $1.43 billion. Sales grew in all fou...

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