Clorox (CLX) Reports Q2 Earnings Below Expectations
[Para 1: The Lead] Clorox Co. (CLX), based in Oakland, California, reported a fiscal second-quarter net income of $157 million, equating to $1.29 per share. This fell short of Wall Street expectations of $1.43 per share. Revenue of $1.67 billion surpassed forecasts, marking a 2.4% increase over the prior year. [Para 2-3: Supporting details & Context] Despite the earnings miss, Clorox's revenue of $1.67 billion exceeded analyst forecasts of $1.63 billion. For the full fiscal year, the company expects earnings in the range of $5.95 to $6.30 per share. The consumer products giant's fiscal Q2 earnings were adjusted for non-recurring costs, resulting in a per share figure of $1.39. This financial update highlights Clorox's resilience in the consumer products sector amidst market volatility.