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Reynolds Consumer Products: Q1 Earnings Snapshot

By The Associated Press

LAKE FOREST, Ill. (AP) — LAKE FOREST, Ill. (AP) — Reynolds Consumer Products Inc. (REYN) on Wednesday reported profit of $59 million in its first quarter.

The Lake Forest, Illinois-based company said it had net income of 28 cents per share.

The company posted revenue of $877 million in the period.

For the current quarter ending in June, Reynolds Consumer Products expects its per-share earnings to range from 39 cents to 43 cents.

The company expects full-year earnings in the range of $1.57 to $1.63 per share.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on REYN at https://www.zacks.com/ap/REYN

Whirlpool has been rattled by rising costs and that now means higher prices for customers

By The Associated Press
Whirlpool appeared to be in a prime position to thrive, producing about 80% of its major appliances at American factories at a time when President Donald Trump has emphasized domestic manufacturing jobs and more production at home. This week, however, the company said that revenue dropped nearly 10% in its most recent quarter and sales of major appliances in North America tumbled 7%. The company that also produces KitchenAid and Maytag products said that the Iran war has led to a “recession-level industry decline" that has shaken consumer confidence. Whirlpool announced a 10% price hike in April, its largest in a decade, and said that a separate 4% price increase will happen in July to address “multiyear inflationary cost pressures.”
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