| Earnings Scorecard |
| Actual | Estimated* | Year-Ago |
| $0.31 | $0.30 | $0.33
|
 |
Clorox(CLX Quote - Cramer on CLX - Stock Picks) failed to sparkle this morning as the company posted second-quarter earnings that slipped from their year-ago levels, despite beating analysts' lowered expectations by a penny.
The household consumer products company, which is based in Oakland, Calif., said second-quarter earnings, excluding special charges, were $74 million, or 31 cents a share, down from $80 million, or 33 cents a share, a year ago. A 14-analyst poll by
First Call/Thomson Financial produced a consensus estimate of 30 cents a share, though the average estimate was 38 cents a share before the company issued a December profit warning.
Sales for the quarter dipped 6% to $899 million, compared with $954 million last year, amid lagging volumes, sluggish demand and currency woes. Unsold products and deductions also contributed to the decline in sales, Clorox said.
Shares of Clorox closed at $33.15 in Tuesday trading on the
New York Stock Exchange. Its shares have a 52-week high of $49.94 and a 52-week low of $28.38.
Yi Ping Ho
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