Electrolux shares soar as Q4 beats forecasts
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Number two global home appliance  maker Electrolux (ELUXb.ST) posted a surprise rise in  fourth-quarter profit on Wednesday as European demand offset a  U.S. slowdown, pushing its shares up by nearly a fifth.
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Electrolux shares have tumbled after the world&#39;s largest maker of consumer electronics said profit in the second half of 2004 will be less than forecast.
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EMC Corp.'s fourth-quarter profit jumped 35 percent, beating Wall Street expectations, as the seller of data storage hardware and software posted double-digit percentage gains across all its major business segments.
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General Electric Co  posted a 4 percent rise in net profit on Friday, matching Wall Street expectations, with strong demand for heavy equipment from outside the United States offsetting the effects of a slowing domestic economy.
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Robust demand for cheaper phones lifted third-quarter earnings and the better than expected results sent the companyâs shares sharply higher.
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The latest monthly data has carriers' shares lifting higher.
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European shares strongly extended gains on Friday after data showed job creation in the U.S. economy was double expectations at 337,000 in October.
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Electrolux  undershot forecasts with flat quarterly earnings on Monday as new product launches cost more than expected, and said its outlook for higher full-year earnings had grown more uncertain.
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UK stocks advanced for the fourth day, led by shares of liquor maker Diageo Plc and BHP Billiton. The benchmark FTSE 100 climbed 11.
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Buyout rumors bump appliance maker up 4.5%.
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Electrolux AB, the world&#39;s biggest maker of home appliances, warned Thursday that its profit expectations for the rest of 2004 would be less than expected because of a rise in steel prices.
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The retailer reports strong earnings and lifts its outlook.
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Shares of Electrolux tumble after the world's largest maker of consumer electronics says that profit in the second half will be less than forecast.
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London equities moved sharply higher on Thursday after a rebound on Wall Street overnight.
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London equities made strong gains on Friday,as fresh bid activity energerised the mining sector and Wall Street futures took off after Microsoft made an offer for Yahoo.
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Electrolux (ELUXb.ST), the world&#39;s  second-largest appliances maker, pleased investors with a  strong quarterly performance in the slowing U.S. market,  lifting its shares 5.9 percent in morning trade.
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The record finish capped a four-month rally driven by corporate buyouts, strong profits and stock buybacks.