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Clorox fiscal Q2 profit climbs 7.1% YOY

Clorox Co. said its normalized net income for the fiscal second quarter ended Dec. 31, 2014, was 93 cents per share, compared with the S&P Capital IQ consensus estimate of 90 cents per share.

EPS increased 6.6% year over year from 87 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $123.1 million, an increase of 7.1% from $115.0 million in the year-earlier period.

The normalized profit margin increased to 9.2% from 8.8% in the year-earlier period.

Total revenue rose year over year to $1.34 billion from $1.31 billion, and total operating expenses climbed year over year to $1.12 billion from $1.10 billion.

Reported net income increased 8.2% year over year to $128.8 million, or 97 cents per share, from $119.1 million, or 90 cents per share.