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Whirlpool cuts outlook after earnings fall short

2015-04-28 14:31:16| Appliances - Topix.net

Whirlpool Corp. reported a first-quarter profit that missed analysts' estimates and reduced its full-year outlook as adverse currency effects and weaker demand in Brazil cut into sales. The home appliance manufacturer said in February that it expected a higher profit this year as raw material costs fall and as the company begins to reap benefits from last year's acquisitions in Europe and Asia.

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