NEW YORK (Reuters) – Appliance maker Whirlpool Corp. Tuesday posted a fourth-quarter profit on strong sales, a weak dollar and market share gains in the builder market.
Whirlpool, based in Benton Harbor, Michigan, reported a profit of $125 million, or $1.76 a share, reversing a loss of $29 million, or 42 cents per share, a year earlier.
Analysts on average were expecting profit of $1.75 a share, according to Reuters Research, a unit of Reuters Group Plc.
From Forbes.com
Whirpool’s decision to increase its investment in Poland has resulted in attracting the interest of tens of its Italian subcontractors to the Polish market.
Whirlpool filed a patent infringement suit against LG Electronics refrigerators a while back that are sold in the United States as the two battle for the premium U.S. appliance market. South Korea-based LG denied the charge on Thursday, adding the company would “actively” respond to Whirlpool’s a…
Whirlpool Corporation WHR today announced that net earnings increased 37 percent for the first quarter of 2006 to $118 million, or $1.70 per diluted share, compared to $86 million, or $1.26 per diluted share, in the same period last year. The increase reflects strong trade and consumer demand for…