Clorox Co. Reports Decline In Q2 Profit, misses estimates

Clorox Co. (CLX) reported earnings for second quarter that decreased from last year and missed the Street estimates.

The company's bottom line totaled $69 million, or $0.56 per share. This compares with $259 million, or $2.03 per share, in last year's second quarter.

Analysts on average had expected the company to earn $0.84 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 33.3% to $558 million from $837 million last year.

Clorox Co. earnings at a glance (GAAP) :

-Earnings (Q2): $69 Mln. vs. $259 Mln. last year.
-EPS (Q2): $0.56 vs. $2.03 last year.
-Analyst Estimates: $0.84
-Revenue (Q2): $558 Mln vs. $837 Mln last year.

Full year EPS guidance: $4.25 - $4.50

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