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Whirlpool (WHR) came out with quarterly earnings of $5.45 per share, beating the Zacks Consensus Estimate of $4.38 per share. This compares to earnings of $4.49 per share a year ago.
Shares of Whirlpool Corp. WHR, -1.13% dropped more than 5% in the extended session Wednesday after the appliances maker beat Wall Street expectations for its third quarter but lowered its per-share earnings guidance for the year. Whirlpool said it earned $83 million, or $1.53 a share, in the quarter, compared with $143 million, or $2.60 a share, in the year-ago quarter.
EU antitrust regulators have cleared Turkish domestic appliances maker Arcelik's proposed purchase of Whirlpool's European domestic appliances business, an European Commission filing showed on Tuesday.
Whirlpool (WHR) benefits from the U.S. homebuilding market's recovery, cost-management actions and its deal with Arcelik. However, a tough macroeconomic backdrop remains concerning.
Widely watched inflation indicators have proved to be more persistent than initially thought, making the argument from the FED chairman, Jerome Powell, a shrug from the past year. Inflation has been indeed not 'transitory,' and as a result, bond markets are reflecting this new 'higher for longer' norm.
Whirlpool (WHR) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
Whirlpool (WHR) is poised to gain from the recovering U.S. homebuilding market, cost-reduction actions and shareholder-friendly policies. However, high debt levels remain concerning.
The "Halftime Report" traders give their top picks to watch for the second half.
A stunning new image of the distant whirlpool galaxy has been released via NASA's James Webb Space Telescope.
Whirlpool (WHR) is poised to benefit from the recovery in the U.S. homebuilding market through cost-reduction actions and shareholder-friendly policies. A tough operating environment and high debt levels remain concerning.