October 22, 2019 / 8:23 PM / 22 days ago

Whirlpool quarterly profit rises nearly 71%

Oct 22 (Reuters) - Appliances maker Whirlpool Corp on Tuesday reported a near 71% rise in quarterly profit, helped by gains from the sale of its Embraco compressor business.

Net earnings available to the company rose to $358 million, or $5.57 per share, in the third quarter ended Sept. 30 from $210 million, or $3.22 per share, a year earlier.

The white goods maker’s net sales fell to $5.09 billion from $5.33 billion. (Reporting by Dominic Roshan K.L. in Bengaluru; Editing by Maju Samuel)

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