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Whirlpool Reports Profit Increase In Quarterly Results

|Includes: Whirlpool Corporation (WHR)

Originally published at www.seclive.com

Whirlpool Corporation (NYSE:WHR) announced its quarterly results for second quarter this fiscal year. The home appliance company beat analyst expectations, reporting $4.74B in sales, a 5.3% increase from a year earlier. Earnings were $198M or $2.44 per share, a jump up from the year before of $113M and $1.43 per share. Whirlpool has been exploring ways to improve its profit margins, and succeeded by increasing its operating profit in Europe by 77% and in Latin America by 31%. The Whirlpool, Maytag, and KitchenAid maker increased its annual earnings per share forecast from the $9.80 to $10.30 range to $10.05 to $10.55, indicative of the expected success it predicts from its increased demand in Europe and a recovering housing market in the United States.

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