April 25 Whirlpool Corp said on Friday
that its quarterly operating profit rose as strong sales
increases in much of the world, including Europe and North
America, offset weakness in Asia.
The world's largest maker of home appliances reported a
first-quarter net profit of $160 million, or
$2.02 per share, down from $252 million, or $3.12 a share, a
But excluding a tax credit last year and restructuring costs
this year, Whirlpool said it had earned $2.20 a share, up from
The company, which sells its washers and dryers, stoves, and
refrigerators under the Whirlpool, Maytag, KitchenAid and
Jenn-Air brand names, among others, said sales rose 4.7 percent
to $4.4 billion.
(Reporting by James B. Kelleher in Detroit; Editing by Lisa Von