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Strong Growth at Gillette

Razors and body spray lift the bottom line.
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second-quarter earnings rose 17% from a year ago, boosted by strong sales of razors and body spray.

The company, which is being taken over by

Procter & Gamble

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, earned $498 million, or 49 cents a share, compared with earnings of $426 million, or 42 cents a share, last year.

Revenue rose 13% from a year ago to $2.77 billion in the second quarter. Analysts were expecting earnings of 46 cents a share on sales of $2.70 billion.

Gillette cited strong sales of its MP3Power Nitro shaver and its TAG body spray. The company reported "solid share gains and robust category growth" across its product categories and regions, particularly Latin America and Eastern Europe. Foreign exchange translation added 3 percentage points to sales growth.

By segment, sales rose 11% from a year ago to $1.21 billion in blades and razors; rose 18% to $539 million at Duracell; rose 17% to $420 in oral care; rose 16% to $341 million at Braun; and rose 9% to $256 million in personal care.