Bleach maker Clorox rises after lifting annual profit forecast

The Clorox

03/02/2025 21:20

** Shares of Pine-Sol parent Clorox  CLX.N  up 2.5% at
$163.77 in extended trade
    ** Company lifts fiscal 2025 profit forecast for the second
time helped by cost-savings and efforts to revive demand
    ** CLX also tops market expectations for Q2 net sales,
profit
    ** Now expects fiscal 2025 adjusted earnings per share of
$6.95 to $7.35, compared with prior expectations of $6.65 to
$6.90. 
        ** Q2 net sales of $1.69 bln beat estimates of $1.63
bln, according to data compiled by LSEG
  
    ** Stock rose nearly 14% in 2024

 (Reporting by Juveria Tabassum in Bengaluru)
 ((Juveria.Tabassum@thomsonreuters.com;))