UPDATE: Clorox Q3 Profit Drops; Shares Down In Pre-Market Trading

Clorox Co CLX released its results for the third-quarter today. The company reported its quarterly profit at $151 million, or $1.09 per share, compared with $165 million, or $1.16 per share, in the year-earlier period. The company's revenue came in at $1.3 billion. The company's earnings from continuing operations increased to $1.02 per share from $1 per share. However, analysts were expecting earnings of $1.04 per share on revenue of $1.3 billion. Clorox projects adjusted 2011 earnings from continuing operations of $3.85 to $3.95 per share, versus analysts' estimates of $3.94 per share. The company expects 2012 adjusted earnings of $4 to $4.10 per share, versus analysts' estimates of $4.40 per share. CLX shares fell 2.84% to $68.00 in pre-market trading. Read more from Benzinga's Company news.