Whirlpool quarterly profit, sales rise

By @ibtimes on

Whirlpool Corp's quarterly profit and sales rose, boosted by tight cost controls and strong demand for appliances in emerging markets like Asia and Latin America.

The maker of Maytag and KitchenAid appliances said its net earnings rose to $171 million, or $2.19 a share, from $95 million, or $1.24 a share, a year earlier.

Excluding items, it earned $2.11 a share. Sales rose 4 percent to $5.0 billion.

(Reporting by Dhanya Skariachan; Editing by Derek Caney)

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