Written by StockNews.com

Clorox Co. (NYSE:CLX) early Wednesday posted solid fiscal third quarter earnings results and offered an in-line outlook for the full year.

The Oakland-based consumer products maker reported Q3:

• earnings per share (EPS) of $1.31, which was $0.01 better than the Wall Street consensus estimate of $1.30, [that]
• revenues rose 3.6% from last year to $1.48 billion, matching analysts’ view for $1.48 billion [and that]
• volume rose 7%...helped by strong performance in its Cleaning and Household segments.

Looking ahead, CLX forecast:

• 2017 EPS of $5.25 to $5.35, which is in-line with Wall Street’s estimate of $5.32.
• full-year revenues...gaining 3% to 4% to around $5.93 to $5.99 billion, straddling analysts’ view for $5.97 billion.

 Clorox Chairman and CEO, Benno Dorer, commented via press release:

“We delivered solid results on top of double-digit earnings growth in the year-ago quarter.

I’m pleased with our continued strong volume and sales growth supported by innovation that’s providing meaningful value to consumers.

I’m also encouraged by the progress we’re making in our International business as that team continues to take deliberate actions to rebuild long-term profitability behind its Go Lean strategy. 

Year-to-date, CLX has gained 9.76%, versus a 7.28% rise in the benchmark S&P 500 index during the same period.

...CLX currently has a StockNews.com POWR Rating of A (Strong Buy), and is ranked #6 of 16 stocks in the Consumer Goods category.