Goldman Sachs Reports In-Line March 3Q11 EPS For Clorox Company

According to Goldman Sachs, the Clorox Company CLX March 3Q11 EPS of $1.02 was in-line. Goldman Sachs said that updated June FY2011 EPS guidance ($3.85-3.95) and the initial FY2012 outlook ($4.00-4.10) were below expectations. “We cut our FY11/FY12/FY13 forecasts to $3.87/$4.05/$4.74 from $3.88/$4.34/$4.76, mainly reflecting higher commodity cost pressures and a softer volume outlook.” The Clorox Company closed yesterday at $67.47.