Home » Business
Loading…
Guidelines: Please keep your comments smart and civil. Don't attack other readers personally, and keep your language decent. If a comment violates these standards or our privacy statement or visitor's agreement, click the "X" in the upper right corner of the comment box to report abuse. To post comments, you must be a Facebook member. To find out more, please visit the FAQ.
Loading…
Published: 2/1/2012
Weak demand, higher costs hurt Whirlpool
BENTON HARBOR, Mich. -- Whirlpool Corp, the world’s largest appliance maker, reported a drop in quarterly sales, hurt by a stronger dollar and weak global demand.
High raw materials costs also hurt the maker of Maytag and KitchenAid appliances in the fourth quarter, when sales fell to $4.9 billion from $5.0 billion a year earlier.
Whirlpool’s net earnings rose to $205 million, or $2.62 a share, from $171 million, or $2.19 a share, a year earlier. Excluding special items, it earned only 32 cents a share.
Guidelines: Please keep your comments smart and civil. Don't attack other readers personally, and keep your language decent. If a comment violates these standards or our privacy statement or visitor's agreement, click the "X" in the upper right corner of the comment box to report abuse. To post comments, you must be a Facebook member. To find out more, please visit the FAQ.
Facebook
Twitter
RSS
Alerts