Whirlpool Reports Better-than-expected Q2 Earnings, Sales And Raises Full-year Guidance

By Markets MarketWatch Pulse

Whirlpool Corp. reported second-quarter earnings that were better than expected early on Friday. Net earnings for the quarter came in at $320 million, or $4.15 per share, compared with $177 million, or $2.21 per share during the same period a year ago. Adjusted earnings per share were $3.50 per share, above FactSet's consensus of $3.39. Sales for the quarter hit $5.20 billion, a slight drop compared with last year's $5.21 during the same quarter. The FactSet consensus on sales was $5.13 billion. Whirlpool raised its full-year guidance for adjusted earnings to a range of $14.25 per share to $14.75 per share. Whirlpool shares were inactive in premarket trade, but are up more than 24% in the year so far, outperforming the S&P 500 Index , which is up nearly 6%.

Continue Reading Below

Copyright © 2016 MarketWatch, Inc.