Whirlpool continues to weaken amid declining sales and lowered profit outlook
WHR Whirlpool Corp
$31.89 +4.42%
View chart & analysis → - 1Whirlpool Corp reported recent quarterly revenue of $3.68 billion, representing an 8.8% year-over-year decrease.
- 2Whirlpool Corp earnings per share (EPS) plummeted from $2.09 in the same period last year to a net loss of -$0.21 in the recent quarter.
- 3Whirlpool Corp significantly lowered its annual profit outlook from the previous range of $2.50 to $3.00 to a net loss of -$1.30 for the current fiscal year.
So what's the key point?
Whirlpool Corp's sales decreased and its profits turned into a loss. The company also significantly lowered its expected earnings from $3.00 to a loss.
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