Whirlpool Earnings: Tops Wall Street Profit Estimate
Whirlpool Corp. (NYSE:WHR) delivered a profit and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. The EPS beat has shares are up 6.20%.
Whirlpool Corp. Earnings Cheat Sheet
Results: Net income decreased -40.49% to $122 million ($2.29 per diluted share) in the quarter versus a net gain of $205 million in the year-earlier quarter.
Revenue: Decreased 2.46% to $4.79 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: Whirlpool Corp. reported adjusted net income of $2.29 per share. By that measure, the company beat the mean analyst estimate of $2.23. It missed the average revenue estimate of $4.88 billion.
Quoting Management: “Our actions have clearly produced the expected improvement in operating margins, resulting in strong earnings per share and underlying cash flow,” said Jeff M. Fettig, chairman and chief executive officer of Whirlpool Corporation…