Exxon Mobil (XOM) – Exxon posted a GAAP loss of 14 cents per share, and a non-GAAP profit of 53 cents per share. The consensus estimate was for a breakeven quarter. The company announced a 30% cut in capital spending and will also reduce cash operating expenses by 15%.
Clorox (CLX) – The household products maker earned $1.89 per share for its latest quarter, beating the $1.67 a share consensus estimate. Revenue came in above forecasts as well. Clorox saw its biggest sales increase in nearly a decade, helped by a surge in sales of disinfectants. The company also raised its full-year earnings forecast.
