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Whirlpool profit surges as sales rebound, shares jump

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July 19, 2013 AT 11:11 AM
Whirlpool Corp posted a stronger-than-expected jump in quarterly profits and raised its full-year outlook, citing sales gains in all of its markets, including Europe and North America. The results suggested U.S. and euro zone consumer confidence may be turning the corner after being battered by debt crises and austerity measures in Europe and a weak economic recovery and high unemployment in the U.S.