Whirlpool's net more than doubles; shares make early gains |
MarketWatch - Feb 2, 2010 |
Whirlpool Corp. rode lower costs and higher volume to better than double its fourth-quarter profit, the appliance maker said Tuesday.
Shares of Whirlpool rallied in the early going.
The company reported earnings of $95 million, or $1.24 a share, on the period, up from $44 million, or 60 cents in the final three months of 2008. The latest results include a charge of $46 million, or 40 cents a share, tied to a legal action, the company noted.
Sales rose 13% to $4.86 billion in the December quarter but would have been up 5% without currency translations.
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- Posted: 2010-02-02 10:48:37
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