Clorox Shares Hit All-Time High Following Q2 Results

Clorox's shares hit an all-time high following the release of positive Q2 2013 results. For the quarter, the company netted a profit of $123 million ($0.93 per diluted share), a 17% improvement over Q2 2012. Sales advanced 9% over that time frame to land at $1.33 billion.

Those numbers were higher than the $0.81 EPS and $1.27 billion in sales analysts were anticipating.

Looking forward, Clorox raised its guidance for full-year results. It now expects that in fiscal 2013, sales will rise by 3%-5% on a year-over-year basis, with diluted EPS coming in at $4.25-$4.35. These were slight rises over the 2%-4% increase in sales and the bottom line of $4.20-$4.35 per share the company had previously expected.

The market greeted the news very positively. The stock currently trades at just under $80.

The article Clorox Shares Hit All-Time High Following Q2 Results originally appeared on

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