Whirlpool Corp. (WHR) said, for full year 2020, the company now expects net sales decline of approximately 10 percent to 15 percent (previously 13 percent to 18 percent) and organic net sales decline of 7 percent to 12 percent (previously 10 percent to 15 percent). The company noted that its COVID-19 response plan is on track to deliver over $500 million in cost takeout in 2020.
Second quarter ongoing earnings per share was $2.15 compared to $4.01, previous year. On average, nine analysts polled by Thomson Reuters expected the company to report profit per share of $0.87, for the quarter. Analysts' estimates typically exclude special items.
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