Clorox Q4 Profit From Cont. Ops. Tops View; Issues FY16 Outlook - Quick Facts

(RTTNews) - The Clorox Company (CLX) reported fourth quarter net earnings of $191 million, or $1.46 per share, compared to $170 million, or $1.29 per share, in the year-ago quarter.

Clorox delivered earnings from continuing operations of $189 million, or $1.44 per share, compared to $171 million, or $1.30 per share, in the year-ago quarter. On average, 15 analysts polled by Thomson Reuters expected the company to report profit per share of $1.37 for the quarter. Analysts' estimates typically exclude special items.

Net sales increased to $1.56 billion from $1.50 billion last year. Analysts expected revenue of $1.53 billion for the quarter. Sales grew 4 percent, driven by the benefits of strong volume growth and price increases, partially offset by 2 percentage points of unfavorable foreign currency exchange rates.

Looking ahead, the company anticipates fiscal-year 2016 earnings from continuing operations in the range of $4.68 to $4.83 and sales growth of flat to 1 percent. Analysts expect the company to report fiscal 2016 earnings per share of $4.84.