Consumer Products Earnings: Clorox, Fortune Brands

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Clorox (CLX) posted fiscal second-quarter net earnings today of $21 million, or $0.15 per share, compared to $110 million, or $0.77 per share, in the same quarter last year. Adjusted earnings of $0.68 per share were well ahead of analyst expectations, although sales, which decline 3% to $1.18 billion, were just shy of forecasts.

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