graphic
News > Companies
Gillette 1Q beats estimates
April 20, 2000: 12:05 p.m. ET

Personal care products maker posts per-share profit flat from year-ago figure
graphic
graphic graphic
graphic
NEW YORK (CNNfn) - Gillette Co. reported a first-quarter profit Thursday that beat Wall Street's expectations, but which was flat compared with the year-ago per-share figure.
    For the first quarter, the Boston-based personal care products maker reported net income of $258 million, or 24 cents a share, compared with net income of $269 million, or 24 cents a share, in the year-earlier quarter.
    The company's earnings beat the 22 cents a share predicted by analysts in a survey by earnings tracker First Call/Thomson Financial.
    The maker of razor blades, Braun electric shavers and Oral-B toothbrushes posted revenue for the quarter of $2.05 billion, a 5 percent increase from the $1.94 billion in the year-earlier quarter.
    While sales from blades and razors rose 10 percent and Braun products rose 14 percent, sales of stationary products declined 4 percent and Duracell batteries sales fell 2 percent for the quarter, the company said. Toiletries sales rose 2 percent and sales of the Oral-B toothbrush rose 8 percent.
    graphic"We made substantial progress on several fronts during the first quarter," said Michael Hawley, Gillette's chairman and chief executive officer. "We generated good sales growth, as double-digit gains for blades and razors and Braun more than offset softness in certain battery markets and a significant unfavorable exchange effect."
    Shares of Gillette (G: Research, Estimates) gained 1-7/8 to 39 in late-morning trading on the New York Stock Exchange Thursday. Back to top

  RELATED STORIES

Gillette sells White Rain - March 23, 2000

Gillette said to rebuff P&G merger talks - Jan. 24, 2000
  RELATED SITES

Gillette

Note: Pages will open in a new browser window
External sites are not endorsed by CNNmoney




graphic


© 2009 Cable News Network. A Time Warner Company. All Rights Reserved. Terms under which this service is provided to you. Privacy Policy. Advertising Practices.
Live Quotes automatically refresh, but individual equities are delayed 15 minutes for Nasdaq, and 20 minutes for other exchanges. Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET.
* : Time reflects local markets trading time. † - Intraday data delayed 15 minutes for Nasdaq, and 20 minutes for other exchanges. Disclaimer
Copyright © 2009 BigCharts.com Inc. All rights reserved. Please see our Terms of Use.
MarketWatch, the MarketWatch logo, and BigCharts are registered trademarks of MarketWatch, Inc.
Intraday data provided by Interactive Data Real-Time Services and subject to the Terms of Use.
Intraday data is at least 20-minutes delayed. All times are ET.
Historical, current end-of-day data, and splits data provided by Interactive Data Pricing and Reference Data.
Fundamental data provided by Morningstar, Inc..
SEC Filings data provided by Edgar Online Inc..
Earnings data provided by FactSet CallStreet, LLC.
Home | Contact Us | Advertise with Us | Corrections | Career Opportunities | Site Map
RSS | Email Delivery | Portfolio | Podcasts | Mobile | Widgets | User Preferences | Special Sections
| Magazine Customer Service | Download Fortune Lists | Reprints | Conferences | Business Leader Council