Husqvarna posts Q2 profit of $143M

07/17/2009 | Reuters

Husqvarna reported a profit of $143 million for the second quarter, which proved higher than analysts' expectations. The Swedish tool manufacturer saw sales jump in the U.S. despite the recession, even as overall sales declined. Husqvarna predicted a drop in shipments for the third quarter as retailers continued to keep inventory levels low.

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