Electrolux Posts Q4 Profit

Electrolux AB ELUXY posted a net profit in the fourth quarter. The company posted quarterly net profit of 970 million Swedish kronor ($3.8 billion), versus a year-ago net loss of 987.00 million kronor. However, analysts were expecting a net profit of 467.75 million kronor. Its sales gained 9% to 31.4 billion kronor from 28.89 billion kronor, while operating profit came in at 1.40 billion kronor. Electrolux shares rose 0.43% to close at $54.32 yesterday.