Whirlpool stock rises after company beats earnings, raises guidance
Shares of Whirlpool Corp. rose more than 5% in the extended session Monday after the appliances maker beat adjusted profit and sales expectations and raised its guidance for the full year. Whirlpool said it earned $67 million, or $1.04 a share, in the second quarter, versus a loss of $657 million, or $9.50 a share, in the prior-year period. Adjusted for one-time items, the company earned $4.01 a share, compared with $3.20 a share a year ago. Sales rose to $5.2 billion from $5.1 billion a year ago. Analysts polled by FactSet had expected adjusted earnings of $3.71 a share on sales of $5.02 billion. For the year, Whirlpool expects earnings per diluted share between $17.80 and $18.55. Whirpool shares had ended the regular trading session up 0.1%.
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