Clorox shares slide after company says cyberattack hit sales hard
Publishing timestamp: 2023-10-05 11:23:55
Summary
Clorox shares fell more than 8% after the company disclosed that a cyberattack in August significantly impacted sales and profits in the prior quarter. Raymond James downgraded the stock and does not expect a recovery in the short term. Clorox expects a decline in sales and gross margin for the quarter that ended on September 30th.
Sentiment: NEGATIVE
Tickers: CLX,
Keywords: retail industry, breaking news: business, business news, earnings, clorox co,
Source: https://www.cnbc.com/2023/10/05/clorox-shares-slide-cyberattack-hit-sales.html