The results fell short of Wall Street predictions, however, sending Energizer shares tumbling $8.36, or 7.6 percent, to $102.30 in morning trading, after dropping as low as $99.20 earlier in the day.

Over the past 52 weeks, Energizer shares have traded between $65.42 and $119.60.

For the quarter ended Sept. 30, Energizer earned $60.3 million, or $1.03 per share, compared with $39.1 million, or 66 cents per share, for the same quarter in fiscal 2006.

The recent quarter's results included charges of $4.6 million, or 8 cents per share, related to restructuring projects in Europe, which were offset by a gain of $4.4 million, or 8 cents per share, related to a reduction of prior-year tax accruals.

The prior-year quarter included one-time charges and gains resulting in a decrease of $9.6 million, or 16 cents per share, Energizer said.

Net sales rose 5.4 percent to $875 million from $830.1 million in the year-ago period.

Analysts polled by Thomson Financial expected a profit of $1.05 per share on $902.9 million in revenue.

North American battery sales were largely flat at $343.8 million, while international battery sales rose 14 percent to $264.5 million. Sales of razors and blades increased 4.6 percent to $266.7 million.

For the full fiscal year 2007, Energizer earned $311.7 million, or $5.35 per share, compared with $260.9 million, or $4.14 per share, in fiscal 2006. Net sales rose to $3.37 billion from $3.08 billion the year before.