Whirlpool profit falls on lackluster sales ยป financialsurfer.com

Whirlpool profit falls on lackluster sales

July 22nd, 2009 | Category: Industry News
(Reuters) - Whirlpool Corp ( WHR.N) reported a lower second-quarter profit on Wednesday as sales at the world’s biggest appliance maker crumbled in the global economic slowdown. Net earnings available to common shareholders of the maker of Maytag and KitchenAid appliances fell to $78 million, or $1.04 a share, from $117 million, or $1.53 a share, a year earlier. In April, Whirlpool said it saw a more challenging market than it had previously expected for the…

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