Plus   Neg

Whirlpool Profit Tops Street, Shares Jump 8%

Shares of Whirlpool Corp. (WHR) gained 8% in extended trading hours Monday after the home appliance manufacturer's first-quarter profit trumped Wall Street estimates.

First-quarter profit surged to $471 million or $7.31 per share from $94 million or $1.30 per share last year. First-quarter ongoing earnings were $3.11 per share, up from $2.81 per share last year. On average, 8 analysts polled by Thomson Reuters estimate earnings of $2.87 per share for the quarter. Analysts estimates typically exclude one-time items.

Sales for the quarter dropped to $4.76 billion from $4.91 billion last year. Analysts had a consensus revenue estimate of $4.85 billion for the quarter.

Benton Harbor, Michigan based Whirlpool now expects full year 2019 ongoing earnings of $14.00 to $15.00 per share. Analysts currently estimate earnings of $14.56 per share.

WHR closed Monday's trading at 139.36, up $0.30 or 0.22%, on the NYSE. The stock further gained 10.70 or 7.68% in the after hours.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Whole Foods Market stores have recalled Decorated Red Apple Cookies as they may contain undeclared egg. People who have an allergy or severe sensitivity to these allergens run the risk of serious or life-threatening allergic reaction if they consume these products. The cookies were sold by the... Norwex has announced voluntary recall of about 58,000 rubber brooms due to laceration hazard. According to the company, handles of the recalled brooms can break in half, exposing a metal inner rim, posing a laceration hazard to the user. The recall involves extendable indoor/outdoor white rubber... Amazon.com Inc. has expanded its AmazonFresh grocery delivery service to three new cities. Beginning today, Amazon Prime members in Houston, Minneapolis and Phoenix can shop thousands of products, ranging from meat and seafood to fresh produce and everyday essentials. The groceries will be delivered to their homes in two hours or less, with options for one-hour and two-hour delivery.
Follow RTT