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Clorox shares slide after company says cyberattack hit sales hard - TL;DR CNBC

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 industrybreaking news: businessbusiness newsearningsclorox co

Source: https://www.cnbc.com/2023/10/05/clorox-shares-slide-cyberattack-hit-sales.html


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