Market Overview

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

Related WHR
Market Wrap For April 15: Who Doesn't Love A Turnaround?
Whirlpool Enhances Shareholder Return - Analyst Blog
Whirlpool Hikes Dividend 20%, Unveils Buyback (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

 

Most Popular

Related Articles (WHR)

Around the Web, We're Loving...

Partner Network

Get Benzinga's News Delivered Free