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Whirlpool offers downbeat guidance, Q3 results beat estimates

Investing.com -- Whirlpool on Wednesday delivered downbeat full-year earnings guidance even as the application maker reported  third-quarter results that beat on both the top and bottom lines.

Whirlpool Corporation (NYSE:WHR) was down more than 4% in afterhours trading following the news.

The company reported adjusted EPS of $5.45 on revenue of $4.93 billion, beating estimates for EPS of $5.45 and revenue of $4.74B.

Looking ahead to the full-year 2023, the company said it now expects adjusted EPS of $16.00, compared with prior estimate for a range of $16.00 to $18.00. The company maintained its guidance for net sales of approximately $19.4B.

 

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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71.4% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.