Clorox Poised to Boost Investments to Support Edge, With Tax Savings No Longer Hidden in the Valley
On the surface, wide-moat Clorox’s underlying performance in the fiscal second quarter was ho-hum, with organic sales edging up 1% and adjusted gross and operating margins compressing 170 basis points (to 43%) and 30 basis points (to 17.3%), respectively. However, the company is poised to realize a significant windfall following recently enacted U.S. corporate tax reform, which prompted management to issue revised earnings per share guidance of $6.17-$6.37 versus prior expectations of $5.47-$5.6...
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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