Church & Dwight (CHD) Guidance Disappoints

Consumer products producer Church & Dwight Co. Inc. CHD on Tuesday morning released financial results that were slightly better than Wall Street expectations but the company also released a forecast that was below analyst estimates. Church & Dwight Co. Inc. reported 1st quarter earnings of $80.0 million, or $1.11 per share. International consumer sales growth of 24% fueled overall sales growth of 9% to $634.6 million. A poll of analysts conducted by Thomson Reuters showed an average Wall Street estimate of expected earnings of $1.08 per share. Church & Dwight Co. Inc. forecast 2nd quarter earnings in the range of 93 cents to 95 cents per share, below the average analyst estimate of 98 cents earnings per share.