Tuesday, July 17, 2007

Electrolux U.S. strength lifts shares

(Reuters) - Second quarterly core earnings grew in line with market expectations as product delays in Europe were outweighed by U.S. strength. A slowing U.S. market had been a key point of concern ahead of the report.




"This was more positive than expected, mainly in North America, which turned out to be a very positive point, while Europe came in much worse," Danske Equities analyst Michael Andersson said after the results announcement on Tuesday.


Read more at Reuters.com Business News

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