UBS Cuts Price Target on Clorox (CLX) to $111 Following 1Q EPS Miss

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Go back to UBS Cuts Price Target on Clorox (CLX) to $111 Following 1Q EPS Miss

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Clorox Reports Q1 Fiscal Year 2017 Results, Including Strong Sales Growth; Updates Fiscal Year Tax-Rate Assumptions for EPS Outlook

November 2, 2016 6:30 AM EDT

OAKLAND, Calif., Nov. 2, 2016 /PRNewswire/ -- The Clorox Company (NYSE: CLX) today reported sales growth of 4 percent and an increase of 3 percent in diluted net earnings per share (EPS) from continuing operations for its first quarter, which ended September 30, 2016. On a currency-neutral basis, first-quarter sales grew 6 percent.

"I'm very pleased about our solid start to the fiscal year, as investments behind our 2020 Strategy, including product innovation, resulted in continued strong topline growth," said Chairman and CEO Benno Dorer. "Notably, we grew volume in all U.S. and International... More