Whirlpool Corp (WHR.N) said its quarterly profit more than doubled as the company’s cost cutting efforts paid off.
Net income available to the world’s largest appliance maker rose to $196 million, or $2.42 per share, in the third quarter from $74 million, or 94 cents per share, a year earlier.
Excluding items, Whirlpool earned $2.72 per share.
REUTERS