Electrolux Posts Upbeat Results

Electrolux AB ELUXY reported a rise in its quarterly net profit. Electrolux's net profit surged to SEK761 million in the quarter ended June 30, versus SEK561 million, in the year-ago period. However, analysts were expecting a net profit of SEK652.0 million. Its sales climbed to SEK27.76 billion from SEK24.14 billion, versus analysts' estimates of SEK26.71 billion. Electrolux shares closed at $41.49 yesterday.