Sunday, May 26, 2024

Whirlpool (WHR) Stock Rises After Q4 Earnings Beat


NEW YORK (TheStreet) -- Whirlpool Corp. (WHR - Get Report) stock is increasing 0.74% to $133 in pre-market trading on Friday after the household appliance company reported better than expected earnings per share for the 2015 fourth quarter. Revenue fell short of estimates.

The Benton Harbor, MI-based company reported earnings of $4.10 per share for the quarter ended December 31, beating estimates by 19 cents per share.

Revenue fell to $5.56 billion for the latest quarter, compared with $6 billion for the 2014 fourth quarter. Analysts had estimated revenue of $5.74 billion.

The 7% year-over-year drop in revenue was caused by weak demand in Brazil, as well as a negative impact from foreign exchange rates.

North America sales increased to $2.9 billion for the quarter, compared with $2.8 billion for the same period in 2014.

Additionally, Whirlpool set its 2016 earnings guidance at $14 to $14.75 per share, in line with analysts' estimates of $14.42 per share.

Separately, Whirlpool has a "buy" rating and a letter grade of B at TheStreet Ratings because of the company's earnings per share, net income and revenue growth, and attractive valuation levels.

You can view the full analysis from the report here: WHR

TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this article's author.

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Author: Red

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