India, Feb. 3 -- While reporting its results for the second quarter, Clorox Company (CLX) lifted its earnings outlook for the full year.
For the full year, the company now expects earnings to be between $5.52 and $5.92 per share, compared to the previous estimate of $5.17 and $5.42, reflecting the lapping of several one-time charges recorded in the year-ago period.
Adjusted earnings are now expected to be between $6.95 and $7.35, compared to the previous estimate of $6.65 and $6.90. The main change is to reflect a 25 to 45 cent net benefit from the expected incremental shipments related to the company's ERP transition.
The company now expects net sales to be down 1% to up 2%, including 1 to 2 points of benefit from incremental shipments ...