What You Need to Know About Whirlpool's Earnings
Appliance manufacturer Whirlpool (NYSE: WHR) reported its fourth-quarter results after the market closed on Monday. It was a mixed report relative to analyst expectations, but investors found enough good news to send the stock sharply higher on Tuesday. Here's what you need to know.
Whirlpool produced total revenue of $5.4 billion in the fourth quarter, down 4.9% year over year and missing analyst estimates by $140 million. However, the details are important.
In North America, Whirlpool recorded a sales decline of just 0.3% to $3.1 billion. The situation was helped by improved pricing and product mix. Other geographies didn't perform as well. Sales were down 5.5% in Europe, Middle East, and Africa, down 21% in Latin America, and down 4.3% in Asia.
Source Fool.com
