Whirlpool Earnings: Here’s Why Investors Like These Results
Whirlpool Corp. (NYSE:WHR) delivered a profit and missed Wall Street’s expectations, BUT beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 2.27%.
Whirlpool Corp. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 52.9% to $2.37 in the quarter versus EPS of $1.55 in the year-earlier quarter.
Revenue: Rose 5.25% to $4.75 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: Whirlpool Corp. reported adjusted EPS income of $2.37 per share. By that measure, the company missed the mean analyst estimate of $2.42. It beat the average revenue estimate of $4.67 billion.
Quoting Management: “Sales increased in every region of the world as we continued to expand margins,” said Jeff M. Fettig, chairman and chief executive officer of Whirlpool Corporation. “Our financial results reflect increased demand for our innovative products and continued benefits from our margin expansion actions.”
Key Stats (on next page)…