BUZZ-Clorox shares rise as first-quarter sales and profits beat expectations

November 2 - ** Shares of Pine-Sol brand manufacturer Clorox (CLX.N) rose 4.4% in after-hours trading to $93.72.

** Thanks to strong demand for health and wellness products, the company's quarterly sales and profit both exceeded market expectations.

** The company reported first-quarter sales of $1.91 billion, higher than the $1.88 billion expected by LSEG consensus.

** Quarterly adjusted earnings per share were $1.55, up 82% year-on-year, far surpassing the $1.07 forecast.

** This quarter, net sales in the health and wellness segment grew 62% year-on-year, compared with a 19% decline in the same period last year.

** However, CLX maintained its fiscal 2027 sales forecast and expects annual adjusted earnings per share to be closer to the lower end of the forecast range.

** “The cost environment has become more challenging, and increased inflation pressures are reflected in our updated outlook,”—company

** As of the close of trading on the previous session, the stock was down about 11% for the year.

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