Whirlpool beats revenue estimates, raises full-year profit forecast

(Reuters) - Whirlpool Corp on Monday beat analysts' estimates for second-quarter revenue and raised its full-year profit forecast, as the appliance maker sold its washing machines and kitchen appliances at higher prices. Net sales rose to $5.19 billion from $5.14 billion, beating analysts' estimates of $5.02 billion, according IBES data from Refinitiv

Reuters July 23, 2019 04:05:31 IST
Whirlpool beats revenue estimates, raises full-year profit forecast

Whirlpool beats revenue estimates raises fullyear profit forecast

(Reuters) - Whirlpool Corp on Monday beat analysts' estimates for second-quarter revenue and raised its full-year profit forecast, as the appliance maker sold its washing machines and kitchen appliances at higher prices.

Net sales rose to $5.19 billion from $5.14 billion, beating analysts' estimates of $5.02 billion, according IBES data from Refinitiv.

The company raised its full-year adjusted earnings forecast to a range of $14.75 to $15.50 per share from a range of $14 to $15 per share.

(Reporting by Uday Sampath and Sanjana Shivdas in Bengaluru; Editing by Anil D'Silva)

This story has not been edited by Firstpost staff and is generated by auto-feed.

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