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Clorox Earnings Were So Bad the Stock Is Dropping the Most in More Than 20 Years

·1 min read
Clorox Earnings Were So Bad the Stock Is Dropping the Most in More Than 20 Years
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(CLX) stock was tumbling after the company’s earnings fell far short of analyst expectations. Clorox reported a fiscal fourth-quarter adjusted profit of 95 cents a share, missing analyst forecasts for $1.36 a share, on sales of $1.8 billion, below expectations for $1.92 billion. It said it would earn between $540 and $5.70 in fiscal 2022, well below analyst forecasts for $7.67.