Electrolux Q1 loss nearly triples on weak demand but beats expectations By Reuters

By Marie MannesSTOCKHOLM (Reuters) – Electrolux’s operating loss nearly tripled in the first quarter on weak demand and poor performance in North America, but the loss was smaller than expected as raw material costs eased, sending shares up 6%. The world’s second-biggest appliances maker reported on Friday an operating loss of 720 million crowns ($66.2 million) against a year-earlier of 256…