BENTON HARBOR, Mich. (AP) - Whirlpool Corp. (WHR) last Friday reported third-quarter net income of $235 million.
The Benton Harbor, Michigan-based company said it had net income of $2.95 per share. Earnings, adjusted for one-time gains and costs, were $3.45 per share.
The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $3.22 per share.
The maker of Maytag, KitchenAid and other appliances posted revenue of $5.28 billion in the period.
Whirlpool expects full-year earnings in the range of $12 to $12.50 per share.
Whirlpool shares have dropped 18 percent since the beginning of the year, while the Standard & Poor's 500 index has stayed nearly flat. The stock has increased 3.5 percent in the last 12 months.
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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 http://www.zacks.com/ap/WHR.
Published: Tue, Oct 27, 2015
