October 24, 2018 / 8:21 PM / a month ago

Whirlpool quarterly profit drops about 24 pct

Oct 24 (Reuters) - U.S. home appliances group Whirlpool Corp’s third-quarter profit fell about 24 percent on Wednesday, as U.S. trade tariffs on steel and aluminum added to its raw materials costs.

Net earnings available to the company fell to $210 million, or $3.22 per share, in the three months ended Sept. 30 from $276 million, or $3.72 per share, a year earlier.

Revenue fell to $5.33 billion from $5.42 billion. (Reporting by Arunima Banerjee in Bengaluru; Editing by Anil D’Silva)

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