Clorox Co. reported that profit fell 16% in its fiscal fourth quarter, a smaller decline than it had predicted. For the three months ended June 30, Clorox’s profit fell to $156 million from $185 million. Revenue grew 6% to $1.25 billion from $1.19 billion as higher selling prices and favorable exchange rates added to a 4% increase in volume. Sales at the company’s core North American household group rose 2% to $537 million....