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Clorox Profit Climbs on Swine Flu
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OAKLAND, CALIF.(TheStreet) -- Clorox(CLX) posted a 23% jump in first-quarter profit, boosted by sales of disinfectants to combat swine flu.
Even as the maker of Brita water filters and Glad trash bags raised prices, it still managed to earn $157 million, or $1.11 per share, compared with $128 million, or 90 cents, a year ago. Analysts expected the company to earn 95 cents a share.
Revenue slipped less than 1% to $1.37 billion, ahead of Wall Street's consensus of $1.34 billion. ...
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