Whirlpool Profit Falls as Costs Rise
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Appliance maker Whirlpool Corp. (WHR.N: Quote, Profile, Research) on Wednesday said quarterly profit was about flat as it was pressured by higher raw material and oil costs.
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The company said on Friday that its profit fell on price declines for its mainstay computer memory chips, but expressed confidence a rebound in the market would bolster earnings.
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Net profit dropped at the consumer products maker to 721 million euros ($1.04 billion) in the last three months of 2007, from 2.03 billion euros a year earlier.
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The chill wafting over Whirlpool (nyse: WHR - news - people ) isn&#39;t coming from its freezers. The home appliance maker posted lower-than-expected third-quarter earnings, cut its full-year forecast and said
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Appliance maker Maytag Corp. MYG.N on  Friday reported worse-than-expected quarterly results as sales  of Hoover vacuums fell and steel costs rose, and slashed its  2005 outlook on an expected loss of sales at key retailers.
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Whirlpool Corp. , the world's  largest appliance company, on Tuesday reported lower  second-quarter net earnings as it incurred costs to integrate  its March acquisition of Maytag.
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Altria Group Inc.  on Wednesday said quarterly profit fell 6.9 percent, weighed down by one-time charges at its Kraft Foods business and increased exposure to airline industry losses at its financial services unit.
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The manufacturer said earnings fell 54 percent from a year-ago period which included its former health-care and electronics units. Adjusted profit topped Wall Street expectations by a wide margin.
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The companyâs consumer segment, which accounts for more than half of the companyâs sales, posted a 16 percent drop in earnings as the cost of ingredients jumped.
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Whirlpool Corp , the world's  largest appliance maker, reported a 50 percent rise in  third-quarter profit on Tuesday as international demand and  cost savings from the Maytag buyout helped offset lower U.S.  sales.
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Warehouse retailer Costco Wholesale Corp. said Thursday its second-quarter profit declined 16 percent as costs grew faster than revenue.
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Profits fall at nuclear firm British Energy on higher costs, such as those related to environmental issues.
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Bristol-Myers Squibb Co.  on Friday said quarterly profit fell 16 percent on special charges and lower U.S. sales amid competition from rival brands and cheaper generics.
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The Clorox Company, the consumer products maker, posted a lower quarterly profit on Monday, hurt by rising costs for raw materials but helped by a lower tax rate.
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Home Depot Inc.  said on Wednesday it expects per-share profit to fall this year as the U.S. housing slump hurts sales and it increases spending to improve older stores in a bid to gain market share.
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Appliance maker Whirlpool Corp. WHR.N  on Wednesday posted a 4 percent drop in third-quarter earnings  and cut its profit outlook for the full year, citing higher  costs for steel and oil.
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The soup maker said its second-quarter profit slipped 3.9 percent to $274 million even though its sales rose.