Why The Clorox Company Stock Jumped 10.1% in November
Shares of The Clorox Company (NYSE: CLX) rose 10.1% in November, according to data from S&P Global Market Intelligence, after the consumer products specialist announced solid quarterly results in spite of the impact of this year's hurricanes.
More specifically, Clorox's fiscal first-quarter revenue climbed a modest 4% year over year, to $1.5 billion. That translated to 7% growth in net earnings to $192 million, or $1.46 per diluted share, which was comfortably ahead of the $1.42 per share Wall Street was expecting.
IMAGE SOURCE: THE CLOROX COMPANY.
Source: Fool.com