Gillette

Mach 3 strong performance in North America offset by significant euro devaluation, company announces during analyst conference call Sept. 18. The 20% devaluation in the euro since third quarter will lead to stagnant sales in period; without the currency drop, sales would increase 6%, the firm estimates. Fourth quarter sales are expected to meet analysts' forecasts with low-to-mid single-digit growth. Gillette will continue to provide strong market support to core businesses and will reduce overhead expenses in the fourth quarter, the benefit of which, however, "is not expected to fully offset the adverse impact of exchange." Gillette's stock dropped 7.3% to a 52-week low of 27.1875 on the news