Shop Talk

Retailers, consumers and prices

Check Out Line: Whirlpool profit hits happy note

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whirlpool1Check out the blowout earnings by Whirlpool.

The maker of Maytag and KitchenAid appliances posted a quarterly profit that left analysts’ expectations in the dirt. Try $2.51 a share compared with Wall Street’s estimate for $1.33. People, when a company tops expectations to the tune of $1.18, that’s crazy.

The strong results, not surprisingly, prompted the world’s largest appliance makerĀ to raise its full-year outlook as well as its forecast for 2010 U.S. industry shipments.

The company had been hurt by the sluggish economy and weak housing market in North America — its largest market — but increasing demand for energy-efficient products and a federal stimulus program are luring shoppers back.

Not to be outdone, cigarette maker Lorillard posted a stronger-than-expected profit, helped by higher volumes and market share gains as U.S. smokers chose less expensive brands.

Check Out Line: Several companies ring up strong profits

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shack1Check out the better-than-expected profits atĀ Alberto Culver, Lorillard and RadioShack.

Alberto Culver, the maker of VO5 shampoo and Mrs. Dash seasoning, said its third-quarter profit, excluding one-time items was 30 cents a share, a penny above what analysts had expected, thanks to strong demand for its TRESemme shampoo.

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