Whirlpool misses 3Q profit expectations, tops revenue forecasts

MarketsAssociated Press

Whirlpool Corp. (WHR) on Tuesday reported earnings of $230 million in its third quarter.

On a per-share basis, the Benton Harbor, Michigan-based company said it had net income of $2.88. Earnings, adjusted for one-time gains and costs, were $3.04 per share.

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The results fell short of Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of $3.15 per share.

The maker of Maytag, KitchenAid and other appliances posted revenue of $4.82 billion in the period, topping Street forecasts. Analysts expected $4.79 billion, according to Zacks.

Whirlpool expects full-year earnings in the range of $11.50 to $12 per share.

Whirlpool shares have climbed slightly since the beginning of the year, while the Standard & Poor's 500 index has climbed 6 percent. The stock has climbed nearly 8 percent in the last 12 months.

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This story was generated by Automated Insights using data from Zacks Investment Research. WHR stock research report from Zacks.

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Keywords:Whirlpool,Earnings Report