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Clorox Co. failed to clean up in its second lodge but says it sees meliorate nowadays aweigh as it expands its creation lines, controls costs and raises prices.

The maker of cleaning products, Hidden Valley Ranch salad intermixture and another products reportable weekday that its gain income slid 81 proportionality on softer income and a calculate to indite downbound the value of its Burt's Bees business.

Clorox, supported in Oakland, Calif., reportable gain income of $21 million, or 15 cents per share, for the quarter. That's downbound from $110 million, or 77 cents per share, in the aforementioned punctuation terminal year.

Excluding a $258 meg calculate tied to Burt's Bees, the consort earned 68 cents per share, compared with 66 cents per deal in the aforementioned punctuation terminal year. Analysts polled by FactSet due 46 cents per share.

Revenue lapse 3 proportionality to $1.18 billion, narrowly missing shrink expectations of $1.19 billion.

Revenue declined for both Clorox's cleaning and home segments.

The cleaning playing dealt with modify shipments of wipes and another disinfecting products, as concerns about the swine flu virus, which boosted terminal year's results, evaporated.

The home segment, which includes bags and wraps, carbon and cat litter, was high by higher promotional outlay on Glad products and toll cuts on litter.

One bright spot was the lifestyle business, which reportable a 3 proportionality income increase. The portion was helped by both Hidden Valley Ranch and Burt's Bees.

The gain income fall was no surprise. Last month, whitener lowered its guidance for the lodge on the Burt's Bees writedown, a hit from the devaluation of Venezuela's nowness and higher outlay on change promotions, among another factors.

Clorox wrote downbound the value of Burt's Bees, acquired in 2007 for $925 million, because the personal-care sort was ontogeny less apace than projected. whitener noted at the instance that Burt's Bees was still the fastest-growing conception of the company.

"I want you to undergo that I'm sure not ... satisfied with declining income and margins we've seen during this time," CEO Don Knauss told investors Friday. "And patch we can't curb things much as the timing of global pandemics same H1N1 or the overall health of the economy, there sure are a sort of things that we crapper impact."

Clorox is pinning its future on innovation, including newborn products for its whitener brand, and cost-cutting.

The consort said it gained mart deal in nearly every of its segments during the assemblage and is banking on boost growth. whitener is also hunting to its strong lines, much as Burt's Bees, which it acquired in 2007 for $925 million, to intend boost growth.

Clorox also connected another consumer products makers in locution it would improve prices to manage with higher costs for ingredients. whitener upraised prices on trash bags in August because of higher resin prices and said more increases are likely.

The consort lowered its guidance for the coming year, locution it expects to earn $3.85 to $4 per deal on an adjusted basis. This is downbound from the $4.20 to $4.35 per deal expectations that it set in November. Analysts had due $3.99 per deal for the year.

The consort serviceable its guidance for full-year income to be insipid to up 1 percent.

Clorox's shares chromatic $1.85, nearly 3 percent, to $65.60 in afternoon trading.

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Skidmore reportable from Portland, Ore., and pioneer from New York.

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