Whirlpool lowers 2016 earnings guidanceStaff Writer | October 25, 2016
Whirlpool Corp. (WHR) announced, for the full-year 2016, the company now expects GAAP earnings per share of $11.50 to $11.75 and ongoing business earnings per share of $14.00 to $14.25.
Whirlpool Q3 GAAP net earnings were $238 million
In July, the company projected its full-year reported earnings per share in a range of $11.50 to $12.00 and ongoing earnings per share in a range of $14.25 to $14.75.
Third-quarter GAAP net earnings were $238 million, or $3.10 per share, compared to $235 million, or $2.95 per share, prior-year. Ongoing business earnings per share totaled $3.66 compared to $3.45 in the same prior-year period.
Third-quarter net sales were $5.2 billion, compared to $5.3 billion in the same prior-year period. Excluding the impact of currency, sales increased slightly. ■