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Clorox Surprises on Q4 Profits

But unfavorable exchange rates temper results.

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By: TOM BRANNA

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Clorox Co posted a bigger-than-expected rise in quarterly profit on Thursday, as price increases, lower advertising spending and a decreased tax rate offset higher costs, and it stood by its forecast for the current fiscal year. Clorox, known for its namesake bleach, was seeing slight improvements in its categories and said it continued gaining market share. While Clorox said some relief was in sight for commodity costs, it was feeling pressure from uncertainty in some international markets a...

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