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Whirlpool’s Earnings Beat Expectations

Mohamed Abdelhamid 26 July, 2022 2:42 am Global Stock Market, Market Update

Shares of Whirlpool rose 2% after the home appliance company beat on profit estimates in its second quarter. Whirlpool reported earnings of $5.97 per share, beating consensus estimates of $5.24 per share.

The company’s net loss margin of (7.3)% and GAAP loss per diluted share of $(6.62) was a result of the impact by non-recurring charges of $747 million, largely driven by loss from sale of Russia business and EMEA asset impairment.

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