Wednesday, 18 July 2007

UPDATE 1-American Standard posts lower quarterly profit

(Reuters) - American Standard, which is spinning off its
vehicle-control unit and looking to sell its bath and kitchen
business, reported net income of $176 million, or 84 cents a
share, down from $191.7 million, or 93 cents a share, a year
earlier.




Including results from the bath business, classified as a
discontinued operation, earnings were $1.05 a share, up 14
percent from a year earlier but 3 cents below analysts' average
forecast as compiled by Reuters Estimates.


Read more at Reuters.com Market News

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