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Clorox misses 4Q profit forecasts

Clorox
Adam Jeffery | CNBC

Clorox on Wednesday reported fiscal fourth-quarter earnings of $165 million.

The Oakland, California-based company said it had net income of $1.26 per share.

The results fell short of Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.28 per share.

The consumer products maker posted revenue of $1.6 billion in the period, beating Street forecasts. Four analysts surveyed by Zacks expected $1.59 billion.

For the year, the company reported profit of $648 million, or $4.92 per share. Revenue was reported as $5.76 billion.

Clorox expects full-year earnings to be $5.38 to $5.58 per share.

Clorox shares have increased roughly 3 percent since the beginning of the year, while the Standard & Poor's 500 index has risen 5.5 percent. The stock has climbed 13 percent in the last 12 months.