Earnings Roundup: Whirlpool, Humana
The Associated Press
04/27/09 - 10:21 AM EDT
Among the earnings stories for Monday, April 27, from AP Financial News:
BENTON HARBOR, Mich. (AP) — Whirlpool Corp., the world's largest manufacturer and marketer of major home appliances, said Monday its first-quarter profit fell 28 percent on softening consumer demand and the stronger dollar, but the results beat Wall Street's expectations.
LOUISVILLE, Ky. (AP) — Health insurer Humana Inc. said Monday its first-quarter profit more than doubled as its government business surged partly from higher membership in its Medicare Advantage plans and its commercial business showed some resilience despite the economic downturn.
RICHMOND, Va. (AP) — Lorillard Inc., the maker of Newport cigarettes, said Monday its first-quarter profit rose 5.7 percent on higher prices and lower costs.
WELLINGTON, Fla. (AP) — B/E Aerospace Inc. said Monday its first-quarter profit fell 22 percent but beat analyst estimates as the manufacturer of airline interior components recorded costs related to its acquisition of a business from Honeywell.
CHICAGO (AP) — PrivateBancorp Inc., which provides financial services to commercial firms, business owners, executives and individuals, said Monday it returned to profitability during the first quarter and easily topped analysts' expectations.