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UPDATE: Whirlpool Posts Downbeat Q4 Earnings

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Whirlpool (NYSE: WHR) reported a 48% rise in its fourth-quarter earnings.

Whirlpool's quarterly profit surged to $181 million, or $2.26 per share, from a year-ago profit of $122 million, or $1.52 per share. Excluding special items, it earned $2.97 per share.

Its sales climbed 6.2% to $5.09 billion. However, analysts were expecting earnings of $3.03 per share on sales of $5.02 billion.

For FY14, Whirlpool projects adjusted earnings of $12.00 to $12.50 per share, versus analysts' estimates of $12.26 per share.

Whirlpool shares closed at $141.63 yesterday.

Posted-In: profitEarnings News Guidance

 

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