Whirlpool: 4Q Earnings Snapshot
BENTON HARBOR, Mich. (AP) _ Whirlpool Corp. (WHR) on Monday reported fourth-quarter net income of $170 million, after reporting a loss in the same period a year earlier.
The Benton Harbor, Michigan-based company said it had profit of $2.64 per share. Earnings, adjusted for non-recurring costs, came to $4.75 per share.
The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $4.30 per share.
The maker of Maytag, KitchenAid and other appliances posted revenue of $5.66 billion in the period, which fell short of Street forecasts. Three analysts surveyed by Zacks expected $5.74 billion.
Whirlpool expects full-year earnings in the range of $14 to $15 per share.
Whirlpool shares have increased 16 percent since the beginning of the year, while the Standard & Poor’s 500 index has climbed 5.5 percent. In the final minutes of trading on Monday, shares hit $124.48, a decrease of 33 percent in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on WHR at https://www.zacks.com/ap/WHR