BUSINESS BRIEFING / CONSUMER GOODS
TIMES WIRE REPORTS
Clorox Co. reported fiscal third-quarter profit that rose more than analysts had estimated and raised its full-year earnings forecast after commodity costs declined.
Net income for the quarter ended March 31 jumped 53% to $153 million, or $1.08 a share, from $100 million, or 71 cents, in the year-earlier period. Sales remained flat at $1.35 billion, the Oakland company said.
Clorox shares fell 75 cents to $55.30.
