whirlpool stock sliding on earnings miss, guidance cut - home appliance manufacturer

by:Yovog     2019-08-25
whirlpool stock sliding on earnings miss, guidance cut  -  home appliance manufacturer
Whirlpool shares(WHR -Get Report)
4 down. 74% to $180.
On Thursday morning, after home appliance manufacturers and marketers posted lower than expected earnings per share for the second quarter and cut guidance for the whole year,
Whirlpool posted adjusted earnings of $3.
The most recent quarter was $35 per share, below $3.
The same quarter a year ago was £ 50 per share.
Earnings per share in the second quarter were 19 cents lower than analysts expected. Revenue of $5.
More than $5 is $3 billion.
2 billion the company issued an announcement in the same period of the previous year and was consistent with the forecast.
Looking to the full year, Whirlpool expects earnings per share to be between $14.
$50 to $15, below the previous guidance range of $14. 75 and $15. 50 per share.
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