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Why Clorox (CLX) Shares Are Getting Obliterated Today

Shares of consumer products giant Clorox (NYSE:CLX) fell 7.4% in the morning session after the company reported first-quarter results, which missed analysts' revenue expectations, as sales declined in absolute terms. The weak topline performance was attributed to lower volume from temporary distribution losses due to disruptions caused by the cyberattack. Management also called out unfavorable foreign exchange rates. ....

What Happened , Wall Street , Revenue Growth , Revenue Expectations , Foreign Exchange Rates , Gross Margin , Istribution Losses , Consumer Products Giant ,

Detailed text transcripts for TV channel - FOXNEWS - 20100926:23:34:00

The consumer products giant, in the works of buying, unilever is a giant, and you know, julie of course the maker of the alberto vo-5 har care products. we don t know exactly the terms and the price tag on this deal, but if you look at the math it s about a 3 billion dollar company. that s the market valley over to culver, these types of deals tend to generate, 20, 30% premiums and the journal said this could fetch as much as 4 billion dollars. that s pretty good especially by today s strategy. today, let me give you this, unilever s perspective, far surpassing some of the other brands, food brands like ben and jerry s, kind of shocking. julie: after friday s rally after this he canned woo, what s going to happen tomorrow? we have a very busy week ahead. julie: yeah. stock market has been on a ....

Julie Banderas , Consumer Products Giant , Price Tag , Market Valley Over To Culver , 53 Billion Dollar , 3 Billion , 814 Billion Dollars , 4 Billion , Food Brands , Stock Market , Ben And Jerry S , He Canned Woo ,