Gillette Net Rises 26%

Gillette's ( G) earnings rose 26% from a year ago, aided by higher sales of a new razor and a lower tax rate.

The Boston company earned $426, or 42 cents a share, in the three months ended June 30, compared with earnings of $338, or 33 cents a share, last year. Revenue rose 8% to $2.44 billion. Analysts had been expecting earnings of 41 cents a share on sales of $2.48 billion in the most recent quarter.

The revenue increase reflected a 2-percentage-point benefit from currency translation plus double-digit domestic growth, fueled by strong sales of the new M3Power shaver, the Oral-B Hummingbird power flosser, Brush-Ups teeth wipes and a skincare line.

"Very strong growth also was posted in Russia, Turkey and Eastern Europe, resulting from strength in all core categories," the company said. "Gillette's growth was moderated in several Western European markets as consumer spending slowed across consumer staple categories."

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