Clorox shares jumped 5 percent before the bell Monday after it reported second-quarter profits that topped Wall Street’s expectations and reaffirmed its 2019 outlook.

The consumer goods maker posted adjusted earnings per share of $1.40, beating consensus projections of $1.30. It posted 4 percent sales growth in the second quarter, bringing revenues for the three months ended on Dec. 31 to $1.47 billion.

“Sound execution of our pricing and cost-savings plans has enabled us to address near-term headwinds, resulting in another strong quarter of topline performance,” said Clorox Chair and CEO Benno Dorer. “Importantly, we remain on track for sales and earnings in fiscal year 2019.”

The stock was down more than 2 percent for 2019 heading into the earnings, trailing the market.

This story is developing. Please check back for updates.

Products You May Like

Articles You May Like

Economist: Hong Kong’s tycoons ‘are the problem’ underlying recent unrest
Nvidia jumps on earnings beat
Forget the doomsayers, yield curve inversion is buy signal, one strategist says
The IRS will waive this 2018 tax penalty for more than 400,000 filers
Congress is considering big changes to the way you retire. Here’s what could make the cut

Leave a Reply

Your email address will not be published. Required fields are marked *