UPDATE: Clorox Reports Decline In FQ4 Profit

Clorox Co CLX posted a 1% drop in its FQ4 net income on Wednesday. Clorox reported its quarterly earnings at $169 million, or $1.26 per share, down from $171 million, or $1.20 per share, in the year-ago period. Its sales climbed 3.7% to $1.48 billion. However, analysts were expecting earnings of $1.19 per share on revenue of $1.47 billion. Clorox shares closed at $70.29 yesterday.