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Electrolux offered a cautious oulook for 2010

|Includes: AB Electrolux (ELUXF)

It came as a surprise to me when Electrolux posted a cautious outllook for 2010 in its 4Q09 results. Just yesterday, Whirlpool projected a 2-4% improvement in USĀ appliance shipments for 2010 and sounded pretty optimistic about the economic outlook in 2010.

Electrolux posted a beat on revenues but missed the consensus on both operating margin and EPS.

Fourth quarter saw an uptick for the company in its USĀ sales but its statment on 2010 ended in its share dropping to 9.9% on the OMX Stockholm market, having fallen as much as 12.3% shortly after markets opened.

Disclosure: The author of this article does not hold any position in Electrolux stocks