Church & Dwight (NYSE: CHD) reported Q4 EPS of $0.78, $0.02 worse than the analyst estimate of $0.80. Revenue for the quarter came in at $865.5 million versus the consensus estimate of $852.6 million.

The Board has authorized a new program under which up to $500 million of the Company's common stock may be repurchased in the future to reduce the number of shares outstanding. The previously authorized share repurchase program has been terminated. In addition, the Company has an Evergreen repurchase program that is intended to neutralize dilution associated with the exercise of stock options issued. Currently, the Company has approximately 134 million shares outstanding.

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