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 Fool.com.Fool contributor Eric Volkman and The Motley Fool have no position in Clorox. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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