Whirlpool reported a 5-fold quarterly increase in profit

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American corporation Whirlpool, the largest manufacturer of household appliances in the country, reported the financial results for the first quarter of this year. Net profit increased 5 times in annual terms and reached 471 million dollars. Adjusted earnings of 3 dollars 11 cents per share surpassed the experts' forecast of 2 dollars 86 cents. At the same time, the company recorded quarterly revenues at the level of 4 billion 760 million dollars, which is 3% less than the figure for the same period of the previous year. According to experts, revenues were expected in the amount of 4 billion 830 million dollars. Good quarterly earnings results allowed the company to raise its forecast for adjusted earnings for 2019 to $14.5-15.5 per share. Since the beginning of the year, Whirlpool’s capitalization has increased by 30.4%.

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