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Closing Glance: Shares of household durables mostly fall



By AP
05 May 2008 @ 05:00 pm EST

NEW YORK - Household durables stocks mostly fell Monday with the broader markets after Microsoft withdrew its $47.5 billion bid for Yahoo over the weekend.

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Quotes
WHR 67.12 -2.98
BDK 53.12 -2.7
SWK 35.76 -2.47
SNA 43.99 -2.29

SYMBOL LOOKUP

Meanwhile, Morgan Keegan analyst Laura Champine lowered estimates on Whirlpool Corp., citing dropping industry volumes and cost inflation.

For the second fiscal quarter, Champine expects Whirlpool to earn $1.44 per share, compared with a prior estimate of $1.55. Analysts polled by Thomson Financial forecast, on average, earnings of $1.52 per share for the period.

Here's how some stocks of household durables companies traded :

Black & Decker Corp., down 23 cents to $67.38.

Whirlpool, down $1.92, or 2.5 percent, to $73.68.

Snap-on Inc., up 87 cents to $59.86.

Stanley Works, up 36 cents to $49.69.

Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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