Open Demo Account
Home / Market Update / Global Stock Market / Whirlpool’s Earnings Beat Expectations

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.

Tags

Check Also

The Euro’s Moment? Weak US Data and ECB Action Set the Stage

The euro strengthened against the US dollar, with the EUR/USD pair climbing above 1.14. This …

This site contains information and opinions for the purpose of providing only general information and can not be relied upon. The information and opinions contained in this Site shall in no way constitute an offer or solicitation to buy, sell or subscribe to any investment product. Users of this site shall bear any risks arising from the use of any information, opinion, program, service or material. Noor Trends reserves the right to make any change to the Site, the information, opinions, materials, products, programs, services or prices (if any) at any time without notice.
All copyrights reserved Noor Trends