Clorox Profit Rises 15% on Cleaners, New Lines
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From Bloomberg News
Clorox Co. said fiscal third-quarter earnings rose 15% as it sold more liquid cleaners and newer products such as Glad Press ‘n Seal food wrap.
Net income increased to $126 million, or 59 cents a share, from $110 million, or 50 cents, a year earlier, the Oakland-based company said. Sales rose 6.6% to $1.09 billion, the biggest quarterly gain in almost five years.
Shares of Clorox fell 42 cents to $51.90 on the New York Stock Exchange.
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