BENTON HARBOR, Michigan — Whirlpool Corp. (WHR) on Wednesday reported fourth-quarter profit of $81 million.
On a per-share basis, the Benton Harbor, Michigan-based company said it had net income of $1.02. Earnings, adjusted for costs related to mergers and acquisitions and pretax expenses, came to $3.52 per share.
The results exceeded Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of $3.17 per share.
The maker of Maytag, KitchenAid and other appliances posted revenue of $6 billion in the period, which also topped Street forecasts. Analysts expected $5.63 billion, according to Zacks.
Whirlpool expects full-year earnings in the range of $14 to $15 per share.
Whirlpool shares have increased almost 4 percent since the beginning of the year, while the Standard & Poor's 500 index has stayed nearly flat. The stock has increased 59 percent in the last 12 months.
Keywords: Whirlpool, Earnings Report
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