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AB Electrolux (publ) (ELUXY)

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52.19-0.54 (-1.02%)
At close: 3:46PM EDT
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  • Electrolux braces for more disruptions from global supply chain squeeze
    Reuters

    Electrolux braces for more disruptions from global supply chain squeeze

    STOCKHOLM (Reuters) -Europe's biggest home appliances maker, Electrolux, reported earnings above pre-pandemic levels on Tuesday but saw its shares slump 9% after it warned of worsening component supply problems in coming months. However, irregular deliveries of electronic components - mainly microcontrollers - due to a global supply chain squeeze hampered production, and the April-June profit lagged analysts' expectations. "The global supply challenges experienced in the first half are expected to have a higher impact in the second half of the year," Electrolux said in a statement.

  • Why Electrolux (ELUXY) is Such a Great Value Stock Pick Right Now
    Zacks

    Why Electrolux (ELUXY) is Such a Great Value Stock Pick Right Now

    Electrolux (ELUXY) seems to be a good value pick, as it has decent revenue metrics to back up its earnings, and is seeing solid earnings estimate revisions as well.

  • Electrolux profit beats, pandemic demand surge seen slowing
    Reuters

    Electrolux profit beats, pandemic demand surge seen slowing

    Electrolux reported on Wednesday a bigger jump than expected in quarterly operating profit on the back of the stay-at-home trend caused by the pandemic, but predicted demand would start to normalize during the second half of the year. First-quarter operating profit at Europe's biggest home appliances maker grew to 2.30 billion Swedish crowns ($274.2 million) from a year-earlier 122 million. Earnings in the year-ago quarter were unusually weak amid restructuring in North America and the impact of the initial outbreak of the pandemic on supply chains and demand.