Quarterly profit American manufacturer of home appliances Whirlpool for the third quarter increased to $ 276 million or $ 3.72 per share, compared with $ 238 million or $ 3 a share a year earlier.
Adjusted profit of the company for the reporting period amounted to 3.83 $ per share against $ 3.66 for the same period a year earlier.
Sales of the company increased to 5.4 billion dollars from 5.2 billion dollars in the same period a year earlier.
Analysts had expected a profit of $ 3.93 per share on revenue in the amount of 5.5 billion dollars.
The company raised its annual earnings forecast and announced that it plans to make the results for 2017 from $ 11.1 to 11.4 of $ per share. The forecast for adjusted earnings amounted to 13.6 – 13.9 $ compared with analysts ‘ forecast of $ 14.61 USD.
After the release of quarterly reports in the course of trading on postmarket on Monday, shares of Whirlpool fell by more than 7%.