| Submit your comments on this article |
| Economy |
| Clorox net income nearly flat on higher taxes |
| 2010-08-04 |
| Household products maker Clorox Co. says its fourth-quarter net income was nearly flat, even though its revenue rose one percent, because it paid higher taxes and had smaller margins. The company says it earned $171 million, or $1.20 per share, in the three months that ended June 30th. A year earlier, it earned $170 million, or $1.20 per share. The company's revenue was $1.52 billion in the quarter, helped by record shipments of Hidden Valley Ranch and Kingsford charcoal. Overall sales volume rose two percent. The earnings met the average forecast of analysts for $1.20 per share on revenue of nearly $1.51 billion. Clorox still expects to earn $4.50 to $4.65 per share for fiscal 2011, in line with estimates. |
| Posted by:Fred |
| #2 CLOROX = TUPPERWARE, etc > its Brand/Product name is so well known + established its Competitors' copycat products are called/labelled as such widout hesitation. |
| Posted by: JosephMendiola 2010-08-04 20:51 |
| #1 I think they're based here in Oakland, they have a high rise in City Center. I don't know of ANYONE in California making money right now. Of course I dont know anyone in the financial sector though. Every time I go the Half Moon Bay I see some a-hole in a Ferrari, so somebody must be doing ok. |
| Posted by: bigjim-CA 2010-08-04 15:12 |