Whirlpool quarterly profit rises nearly 71%

Whirlpool quarterly profit rises nearly 71%
The administrative entrance at the Whirlpool plant in Clyde, Ohio, U.S. October 3, 2017. Picture taken October 3, 2017. REUTERS/Aaron Josefczyk -
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(Reuters) – Appliances maker Whirlpool Corp <WHR.N> 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 (£277.78 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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