Market Overview

UPDATE: Whirlpool Posts 75% Rise In Q2 Profit, Lifts Full-Year View

Related WHR
Worst Performing Industries For August 21, 2014
Top Performing Industries For August 6, 2014
When Rate Hikes Come, They Will Ripple Across U.S. Economy (Fox Business)

Whirlpool (NYSE: WHR) reported a 75% rise in its second-quarter profit and lifted its adjusted earnings forecast for the year.

Whirlpool now projects adjusted earnings of $9.50 to $10 per share, versus its earlier forecast of $9.25 to $9.75 per share.

Whirlpool's quarterly profit surged to $198 million, or $2.44 per share, from $113 million, or $1.43 per share, in the year-ago period. Excluding one-time items, it earned $2.37 per share.

Its sales surged 5.3% to $4.75 billion. However, analysts were expecting earnings of $2.42 per share on revenue of $4.67 billion.

Whirlpool's gross margin rose to 17.2% from 16.1%.

Whirlpool shares closed at $119.37 yesterday.

Posted-In: profitEarnings News Guidance


Related Articles (WHR)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters