Consumer Goods | Cleaning Products | USA
Trojan, OxiClean Maker Church & Dwight Slides After Earnings Disappoint
Shares of consumer products giant Church & Dwight took a beating Tuesday after the maker of Trojan, OxiClean, Arm & Hammer, and other brands reported earnings that fell short of Wall Street's expectations.
Consumer products giant Church & Dwight (CHD - Get Report) , whose brands range from Trojan to OxiClean, fell 7.5% to close at $60.46 in Tuesday's trading after a disappointing earnings report.
The consumer products firm reported fourth-quarter earnings of 57 cents per share, a 9.6% jump over last year but a penny below what analysts surveyed by Zacks had estimated.
Company executives also offered slightly lower projections for full-year 2019 earnings than what Wall Street expected, pegging them at between $2.43 and $2.47 a share, an increase of 7% to 9%.
Those projections for 2019 came in below Zacks Consensus Estimate of $2.48 a share.
The consumer products firm did beat estimates for quarterly revenue, which came in at $1.074 billion, higher than the $1.066 billion forecast by analysts tallied by Zacks.
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https://www.thestreet.com/markets/trojan...yptr=yahoo
Trojan, OxiClean Maker Church & Dwight Slides After Earnings Disappoint
Shares of consumer products giant Church & Dwight took a beating Tuesday after the maker of Trojan, OxiClean, Arm & Hammer, and other brands reported earnings that fell short of Wall Street's expectations.
Consumer products giant Church & Dwight (CHD - Get Report) , whose brands range from Trojan to OxiClean, fell 7.5% to close at $60.46 in Tuesday's trading after a disappointing earnings report.
The consumer products firm reported fourth-quarter earnings of 57 cents per share, a 9.6% jump over last year but a penny below what analysts surveyed by Zacks had estimated.
Company executives also offered slightly lower projections for full-year 2019 earnings than what Wall Street expected, pegging them at between $2.43 and $2.47 a share, an increase of 7% to 9%.
Those projections for 2019 came in below Zacks Consensus Estimate of $2.48 a share.
The consumer products firm did beat estimates for quarterly revenue, which came in at $1.074 billion, higher than the $1.066 billion forecast by analysts tallied by Zacks.
...
https://www.thestreet.com/markets/trojan...yptr=yahoo