Whirlpool Corp. gained the most in seven months after posting second-quarter profit that topped analysts’ estimates, helped by rising sales in Europe, the Middle East and Africa.
Profit in the quarter was $2.70 a share, excluding some items, the Benton Harbor, Michigan-based company said in a statement Wednesday. Analysts estimated $2.62, on average.
Whirlpool has been expanding abroad and last year bought a controlling stake in Italian appliance maker Indesit Co. for about $1 billion. Sales in Whirlpool’s Europe, Middle East and Africa division rose 79 percent to $1.3 billion.
The shares climbed 7.3 percent to $178.36 at the close, the biggest one-day gain since Dec. 17. Whirlpool has fallen 7.9 percent this year.