(Reuters) – Whirlpool Corp (WHR.N: Quote, Profile, Research, Stock Buzz) reported higher-than-expected quarterly profit and stood by its earnings outlook for 2013 on Wednesday as price increases and cost cuts helped the world’s largest appliance maker counter lackluster global demand.
Like many U.S. companies, Whirlpool, the maker of Maytag and KitchenAid appliances has kept a lid on costs to offset weak demand, especially in Europe, which is reeling from an economic crisis.
April 23 (Reuters) – RadioShack Corp reported a much
wider than expected quarterly loss on weak sales of wireless
phone contracts and higher demand for less-profitable
smartphones, a trend its new chief executive promised to change.
The dismal results raised fresh concerns about the future of
the electronics chain, which has seen sales in free-fall for
over a year amid executive departures, cutthroat competition and
an image problem.