Whirlpool (NYSE:WHR) swung back to a profit in the second quarter.
Earnings and Revenue The company fell short of estimates with adjusted net income of $1.55 a share and revenues of $4.51 billion. Analysts were expecting adjusted net income of $1.64 a share and revenues of $4.63 billion.
The company's profit for the quarter was $113 million. Revenue fell 4.6% from $4.73 billion in the same period last year.
Company Fundamental Trends Last quarter marks the third in a row in which The company has seen falling revenue on a year-over-year basis.
History Against Expectations The company missed estimates last quarter after surpassing the mark the quarter before. It reported net income of $1.41 versus a mean estimate of net income of $1.12 per share.
Estimates provided by Zacks Investment Research and company fundamentals from Xignite Financials.