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September 4, 2001
By: TOM BRANNA
Editor
Clorox Co. today boosted its earnings outlook for the first quarter and the fiscal year as volume and sales are expected to increase in the low-single digits. The Oakland, CA-based company, maker of Clorox bleach, Formula 409 household cleanser and Glad plastic bags, said it now expects first-quarter earnings, before special charges, in the range of 36 to 38 cents a share, while earnings for its fiscal year ending June 30 are seen in the range of $1.57 to $1.62 a share before special charges.Wall Street analysts polled by Thomson Financial/First Call were expecting the company to post first-quarter earnings in the range of 34 to 36 cents a share, with a mean estimate of 35 cents a share. For the fiscal year, analysts were expecting earnings in the range of $1.52 to $1.61 a share, with a mean estimate of $1.57 a share.
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