Whirlpool: Q3 Earnings Snapshot
BENTON HARBOR, Mich. (AP) — BENTON HARBOR, Mich. (AP) — Whirlpool Corp. (WHR) on Monday reported third-quarter net income of $73 million.
On a per-share basis, the Benton Harbor, Michigan-based company said it had profit of $1.29. Earnings, adjusted for non-recurring costs, came to $2.09 per share.
The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.41 per share.
The maker of Maytag, KitchenAid and other appliances posted revenue of $4.03 billion in the period, also exceeding Street forecasts. Three analysts surveyed by Zacks expected $3.92 billion.
Whirlpool expects full-year earnings to be $7 per share.
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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