Whirlpool reported a 5-fold quarterly increase in profit


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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