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Clorox Stands by Quarterly Outlook

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By: TOM BRANNA

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Household products maker Clorox Co., Oakland, CA, stood by its outlook for a rise in quarterly earnings, as cost-cutting measures will help offset higher raw material prices. The maker of Clorox bleach, Kingsford Charcoal and Hidden Valley salad dressing forecast profit of $0.49 to $0.52 a share for the fiscal third quarter and said it expected full-year profit of $2.21 to $2.27, repeating a forecast it made in February. It also still expects third-quarter unit volume to be equal to slightly bel...

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