Clorox beats 2Q profit forecasts

OAKLAND, Calif. (AP) _ Clorox Co. (CLX) on Friday reported fiscal second-quarter profit of $149 million.

The Oakland, California-based company said it had profit of $1.14 per share. Earnings, adjusted for non-recurring costs and to account for discontinued operations, were $1.25 per share.

The results exceeded Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.22 per share.

The consumer products maker posted revenue of $1.41 billion in the period, which met Street forecasts.

Clorox expects full-year earnings to be $5.23 to $5.38 per share.

Clorox shares have risen slightly since the beginning of the year, while the Standard & Poor's 500 index has climbed roughly 2 percent. The stock has decreased nearly 7 percent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CLX at https://www.zacks.com/ap/CLX

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Keywords: Clorox, Earnings Report