Clorox announced earnings that beat estimates by a nickel coming in at $1.88 a share for the quarter which was well above last year’s $1.66 a share.
Revenue though missed estimates coming in at 1.63 billion, a 4% decline from a year ago. Estimates had revenue coming in at $1.69 billion.
For the year though the company reported $6.32 a share, up from $6.26 a share for the prior year. Sales were $6.21 billion for the year versus $6.12 billion last year.
The stock is sinking primarily on the back of forward guidance which sees growth flat to up 2%.
I entered new trades this morning in the stock.
The rest of this trade alert and ideas article is for FullyInformed Members.
Clorox Stock (CLX) Plunge Sets Up New Trade Alerts – Aug 1 2019
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Disclaimer: There are risks involved in all investment strategies and investors can and do lose capital. Trade at your own risk. Stocks, options and investing are risky and can result in considerable losses. None of the strategies, stocks or information discussed and presented are financial or trading advice or recommendations. Everything presented and discussed are the author’s own trade ideas and opinions which the author may or may not enter into. The author assumes no liability for topics, ideas, errors, omissions, content and external links and trades done or not done. The author may or may not enter the trades mentioned. Some positions in mentioned stocks may already be held or are being adjusted.
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