Reported about 1 month ago
Whirlpool Corp. reported better-than-expected earnings and reaffirmed its full-year sales forecast despite a slump in pre-election consumer spending. The company's net sales fell short of projections at $3.99 billion, attributed to ongoing weakness in the US housing market and cautious consumer behavior prior to the presidential election. However, adjusted earnings per share exceeded expectations due to price increases. While Whirlpool anticipates a slight recovery in consumer sentiment post-election, it is implementing cost-cutting measures to maintain profitability.
Source: YAHOO