Whirlpool Shares Fall In Premarket As Earnings Come Up Short
Whirlpool Corp. shares fell 2.8% in premarket trading on Tuesday after the white-goods maker posted earnings that fell short of expectations. For the third quarter, Whirlpool reported earnings of $2.88 per share, versus $2.42 per share in the year-ago period. On an adjusted basis, the company posted earnings of $3.04 a share, versus $2.72 per share in the year-ago period. A survey of analysts polled by FactSet expected Whirlpool to post earnings of $3.13 per share. Whirlpool posted net sales of $4.824 billion against $4.683 billion in the year-ago period. Analysts expected revenue of $4.826 billion. The company said it expects to report earnings per share of $9.40 to $9.90 and on an adjusted basis, $11.50 to $12.00 per share. The company lowered that outlook in July.
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