Electrolux shares surge as North America pick-up drives strong third quarter profit

Electrolux's North American operations bounced back, driving a significant profit increase in Q3. Despite challenges like tariffs and competition, the company's focus on high-end products and cost-cutting measures paid off. Shares surged 15% on the news, but the stock is still down 28% for the year. Electrolux's CEO expressed optimism about offsetting tariff costs, but the company remains cautious about the global economic outlook.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.