Gillette profit up 17 percent heading into acquisition by P&G
Gillette's second-quarter profit grew 17 percent heading into the company's acquisition Cincinnati-based Procter and Gamble.
Household items maker Gillette reported strong demand for its newest men's and women's razors, as well as established products. Gillette says today its net income for the period was 498 million dollars, or 49 cents per share. That's compared with a profit of 426 million dollars, or 42 cents a share, in the same quarter a year ago. The latest quarter's performance beat Wall Street expectations by about three cents per share.