Whirlpool's profit rises 75 percent on margin improvement
July 19 (Reuters) - Whirlpool Corp reported a 75 percent increase in its second-quarter profit, boosted by strong demand and expansion in its gross margin.
The world's largest appliance maker said net income rose to $198 million, or $2.44 per share, from $113 million, or $1.43 per share, a year earlier.
On an adjusted basis Whirlpool earned $2.37 per share.
Sales rose 5 percent to $4.75 billion.
- Hong Kong protesters stockpile supplies, fear fresh police advance |
- Protesters stay out on Hong Kong streets, defying Beijing |
- Stocks head for worst quarter since euro crisis, dollar soars
- EBay follows Icahn's advice, plans PayPal spinoff in 2015
- Special Report: Islamic State uses grain to tighten grip in Iraq