Also

* New Century Financial Corp., an Irvine-based real estate investment trust, said second-quarter net income fell 7% to $94.8 million, or $1.65 a share, from $102.4 million, or $2.46, a year earlier. New Century cut its 2005 earnings outlook in the face of rising rates and more competition in the mortgage lending business, and its shares fell $4.81, or 9%, to $48.14.

* Los Angeles office real estate investment trust Arden Realty Inc. reported second-quarter funds from operations of $42.3 million, or 62 cents a share, up from $40.9 million, or 61 cents, a year ago. Revenue from rental operations rose 14% to $109.7 million. Occupancy of its properties increased slightly to 90.5%.

* Clorox Co. reported that fiscal fourth-quarter profit fell 16% as higher commodity and advertising costs outweighed a sales gain. Net income declined to $156 million from $185 million a year earlier, the Oakland company said. Per-share profit beat analysts’ estimates, rising to $1 from 86 cents, helped by share repurchases. Sales increased 5.8% to $1.25 billion.

* Computer Sciences Corp. said first-quarter profit rose 19% as contracts from companies and the U.S. government lifted sales. Net income increased to $131.6 million, or 70 cents a share, from $110.4 million, or 58 cents, a year earlier. Sales rose 8.6% to $3.58 billion, the El Segundo company said.

* Univision Communications Inc., the largest U.S. Spanish-language television and radio broadcaster, said second-quarter profit fell 57% because it wrote down the value of its stake in Entravision Communications Corp. Net income dropped to $36.1 million, or 10 cents a share, from $83.7 million, or 24 cents, a year earlier, the Los Angeles-based company said. Revenue rose 3% to $508.5 million.