WASHINGTON (dpa-AFX) - Clorox Co. (CLX) posted a surge in its second-quarter GAAP net earnings to $105 million or $0.79 per share from $21 million or $0.15 per share in the prior-year quarter. Income per share from continuing operations were $0.79, compared with a loss of $1.17 a year ago. Excluding the Burt's Bees noncash goodwill impairment charge, year-ago quarter's earnings per share from continuing operations totaled $0.68. Net sales for the quarter totaled $1.22 billion compared with $1.18 billion in the previous year. For fiscal 2012, Clorox still anticipates EPS in the range of $4.00 - $4.10, including the impact of the acquisitions. Clorox now sees fiscal 2012 sales growth in the range of 2 percent to 4 percent, versus previous outlook of 1 percent to 3 percent growth, reflecting strong first half results as well as about one-half percentage point of incremental growth in fiscal year 2012 related to Aplicare and HealthLink. The company said the acquisitions are expected to reduce fiscal 2012 earnings per share by about 4 cents, which is now included in the company's outlook. Analysts project earnings per share of $4.07 on revenues of $5.35 billion for the fiscal year 2012.
Copyright RTT News/dpa-AFX
© 2012 AFX News
