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Whirlpool Net Income More Than Doubles
BENTON HARBOR, Mich. (AP) -- Whirlpool's second-quarter net income more than doubled -- and topped expectations -- as it cut costs.

The world's largest appliance maker says Tuesday that it also benefited from more shoppers taking advantage of federal rebates to buy new appliances.

The company earned $$205 million, or $2.64 per share, during the three month period ending in late June. Excluding certain one-time items, that figure is $2.82.

In the same period last year the company earned $78 million, or $1.04 per share.

Revenue rose 9 percent to $4.53 billion.

Analysts expected the company to earn $2.17 per share on revenue of $4.50 billion.

Based in Benton Harbor, Mich., Whirlpool Corp. makes appliances under Maytag, KitchenAid, Jenn-Air and its namesake brands.

(Copyright 2010 by The Associated Press. All Rights Reserved.)
07 20 10 by Newsroom
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