Clorox net Meur responds as it deals with the higher charges (AP)

OAKLAND, California - fell of net income in the third quarter of Clorox Co. has more than 8 percent to 151 million dollars due to rising costs while it turned around fall of income.

Glad garbage bags manufacturer and Hidden Valley salad sauce also reduced its fiscal year revenue forecast of revenue and lowered at the upper end of its earnings prospects.

Net income fell to $ 165 million $ 151 million. Although revenue increased by 1.3% to $ 1.3 billion after two quarters of declines in income, that bit of good news was not sufficient to offset the fears of investors. Clorox shares fell more than 4 percent Tuesday morning.

Earnings per share of $1.03, excluding non-recurring items, missed estimates of analysts of $1.04. Income also missed estimates of analysts of $ 1.32 billion.

Clorox is caught in the trap between poor sales and the increase in prices for raw materials and he must do and transport of fuel products.

He wants to raise prices, but it must exercise caution. Customers already choked by high gasoline prices and a sluggish economy, could trade down to store brands if they cannot stomach Clorox price increases.

Clorox said that he raised prices of 9.5% on the glad garbage bags. He did not mention if she had raised prices on other products as well.

As many companies in its industry, Clorox hopes that she can turn to fast-growing emerging markets to boost sales.

But Tuesday, Clorox said of sales for Latin America were falling. In its latest quarterly report, in February, he said growth in Europe and in Asia would be more difficult than expected.

The company did benefit from sales of balm to lips of Burt bees the quarter, and most of the shipments of Clorox disinfecting wipes to institutional clients.

But the garbage bags lost Glad of the land he reduced expenditures for promotion, as did its filters Brita water.

The overall increase in revenues of 1.3% was an improvement of two previous quarters, when Clorox saw revenues decline by about 3% each time. Gift of CEO Knauss said he expects growth in revenue during the period April-June as well.

Despite this, the company cut its forecast of sales for the year ending in June. She had already said sales would be flat up to 1%. Tuesday, he said sales would be flat to down 1%. It also trimmed the upper end of its prospects for the year earnings per share.