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Clorox Profit Drops

|Includes:The Clorox Company (CLX)

Originally published at www.seclive.com

Clorox Co. (NYSE:CLX) announced its fourth quarter financial results for the fiscal year 2014, reporting profit that fell when compared to last year. The consumer products company, which includes its namesake cleaning chemical brand as well as other household and food products including Hidden Valley Ranch, Fresh Step cat litter, and Burt's Bees personal products, missed analyst expectations for both revenue and earnings. Clorox overall revenue fell 2.3% to $1.51B, just short of analyst-predicted $1.53B. Earnings of $170M and $1.29 per share fell from last year's $183M and $1.37 per share, though a $20M investment in its company impacted earnings by $0.10 per share. Chairman and CEO Don Knauss remarked that the company's results were strongly impacted by unfavorable currency exchange rates, increased competition, and a lagging economy.

Disclosure: The author has no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

Stocks: CLX