Clorox bets on strong inventory to help overcome cyber attack hit
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Clorox (CLX) shares jump as results 'better-than-feared'
November 2, 2023 1:43 PM EDTClorox (NYSE: CLX) shares jumped over 8% Thursday after the company reported earnings for its latest quarter, topping consensus expectations.
The company reported Q1 EPS of $0.49, $0.73 better than the analyst estimate of a loss per share of -$0.24. Revenue for the quarter came in at $1.4 billion versus the consensus estimate of $1.31 billion.
"After entering the fiscal year with solid momentum, the August cyberattack caused wide-scale disruptions that are impacting our short-term financial performance," said CLX CEO Linda Rendle. "Looking forward, our near-term priorities are clear: We are laser-focused on rebuilding customer inventories, preserving merchandising... More
