Gillette

(G) - Get Report

posted second-quarter earnings in line with lowered analysts' estimates. The razor blade maker earned 26 cents a share, matching the 13-analyst

First Call

view but falling below the year-ago 33 cents.

Inflow into U.S. equity funds for the week ended yesterday totaled $1.9 billion, with 75% going into growth funds, according to

AMG Data Services

. Emerging-market and European funds experienced redemptions while Japan reported inflow. Among other categories, $591 million flowed into taxable bond funds, with most going into high yield bond funds. Outflow from money market funds totaled $3.1 billion while inflow into municipal bond funds totaled $133 million.

In other postclose news (earnings estimates from First Call; earnings reported on a diluted basis unless otherwise specified):

Earnings/revenue reports and previews

Advanced Energy Industries

(AEIS) - Get Report

reported second-quarter earnings of 10 cents a share, 3 cents better than the 11-analyst estimate and up from the year-ago loss of 12 cents. The company named COO Hollis Caswell president, replacing Douglas Schatz, who remains chairman and CEO.

Horace Mann Educators

(HMN) - Get Report

said it expects to post second-quarter earnings of around 34 cents a share, which would be significantly below the six-analyst outlook of 50 cents. The company, which made 31 cents in the year-ago period, said catastrophe losses reflect an unusually large number of catastrophes. Horace also said higher-than-expected claims in property and automobile claims will hurt results.

Hussmann

(HSM)

said it expects to meet the three-analyst earnings forecast of 33 cents a share in the second quarter despite lower South American demand in its beverage cooler business. But the company, which made 30 cents in the year-earlier second-quarter, warned its results will fall below estimates during the second half.

Raychem

(RYC)

said its fourth-quarter sales rose 4% to $448 million.

Tarrant Apparel

(TAGS) - Get Report

said it sees second-quarter earnings of 30 cents to 33 cents a share due to production delays. The five-analyst prediction called for 54 cents vs. the year-ago 51 cents.

Unicom

(UCM)

reported second-quarter earnings of 55 cents a share, including a 7-cent charge for uncollectible accounts, an unspecified operation and maintenance expense, an unrealized gain of 9 cents and an amortization expense of 9 cents. The 11-analyst estimate called for operating earnings of 44 cents vs. the year-ago 37 cents.

In other earnings news:

Mergers, acquisitions and joint ventures

Cyprus Amax Minerals

(CYM)

and

Asarco

(AR) - Get Report

agreed to a merger of equals, creating the world's largest publicly traded copper company. The dollar value of the merger wasn't immediately clear. The new company,

Asarco Cyprus

, is expected to see its combined costs decline by $150 million a year.

Ocean Energy

(OEI)

agreed to sell its

Enstar

unit to

Semco Energy

(SMGS)

for $290 million.

Offerings and stock actions

Bear Stearns

priced

Ravisent Technologies'

(RVST:Nasdaq) 5 million-share IPO mid-range at $12. The software company's products allow the playback and recording of DVD, high definition TV and other multimedia formats on PCs.

Elsewhere in new issues,

Donaldson Lufkin & Jenrette

priced

Paradyne Networks'

(PDYN:Nasdaq) 6 million-share IPO above-range at $17. The company develops broadband and narrowband digital and analog products.

Texas Instruments

(TXN) - Get Report

set a 2-for-1 stock split.

Xeta

(XETA)

also approved a 2-for-1 stock split.

Miscellany

Iridium

(IRID)

said that, as part of its financing restructuring, it exercised a 30-day grace period on interest due on its $1.45 billion outstanding senior notes.

PepsiCo's

(PEP) - Get Report

Tropicana Products

unit said it plans to sell its packaging and processing facility in Lakeland, Fla., known as the Juice Bowl.

Fidelity

officially said its

(FMAGX) - Get Report

Magellan fund topped $100 billion for the first time at $100.1 billion. Earlier today,

TSC's

Brenda Buttner

explained why that's really something of a nonevent.