Investing.com - Clorox reported on Friday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Clorox announced earnings per share of $1.89 on revenue of $1.78B. Analysts polled by Investing.com anticipated EPS of $1.68 on revenue of $1.71B. That with comparison to EPS of $1.44 on revenue of $1.55B in the same period a year before.Clorox had reported EPS of $1.46 on revenue of $1.45B in the previous quarter.Analysts are expecting EPS of $1.9 and revenue of $1.75B in the upcoming quarter.
Clorox shares are up 21% from the beginning of the year and are trading at $186.44 , down-from-52-week-high.They are outperforming the S&P 500 which is down 10.24% year to date.
Clorox follows other major Consumer/Non-Cyclical sector earnings this month
Clorox's report follows an earnings beat by Procter&Gamble on Friday, April 17, 2020, who reported EPS of $1.17 on revenue of $17.21B, compared to forecasts EPS of $1.13 on revenue of $17.31B.
Coca-Cola had beat expectations on Tuesday, April 21, 2020 with first quarter EPS of $0.51 on revenue of $8.6B, compared to forecast for EPS of $0.44 on revenue of $8.3B.
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