Clorox (CLX) Misses Q4 EPS by 2c
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Clorox Reports Q4 and Fiscal Year 2016 Results; Provides Fiscal Year 2017 Outlook
August 3, 2016 6:30 AM EDTOAKLAND, CA -- (Marketwired) -- 08/03/16 -- The Clorox Company (NYSE: CLX) today reported sales growth of 3 percent and a decrease of 13 percent in diluted net earnings per share (EPS) from continuing operations for its fourth quarter, which ended June 30, 2016. The decrease in fourth-quarter diluted EPS reflects significant incremental investments in the company's brands, consistent with the company's strategy to fuel its robust product innovation program to drive long-term profitable growth. On a currency-neutral basis, fourth-quarter sales grew 5 percent. For fiscal year 2016, the company reported sales growth of 2 percent and diluted EPS of $4.92 from continuing... More
