Whirlpool earnings beat estimates as higher prices offset tariff impact

FILE PHOTO: The administrative entrance at the Whirlpool plant in Clyde, Ohio, U.S. October 3, 2017. REUTERS/Aaron Josefczyk

- Whirlpool Corp on Monday reported better-than-expected quarterly earnings and lifted its full-year profit forecast, as the appliance maker raised prices on its washing machines and kitchen appliances to offset higher production costs. Whirlpool has been wrestling with the impact of U.S. tariffs on imported steel and aluminum, both major components in its appliances, pushing the company to raise prices.

Excluding items, the company earned $4.01 per share for the second quarter ended June 30, above analysts’ average estimate of $3.71, according to IBES data from Refinitiv.The company raised its full-year adjusted earnings forecast to between $14.75 and $15.50 per share from its prior outlook of between $14 and $15 per share.

Wait so China isn't paying for the tariff war? You don't say.......

So POTUS / realDonaldTrump's tariff's have successfully been passed onto the consumer by Whirlpool. Gee, that really helps make America great again, huh? Sarcasm intended Attn: GOP , TexasGOP

Proof raising wages wouldn’t hurt corporations.

Beating tariffs thanks to taxpayers

So American consumers are paying for Trump's tariffs.

Thank goodness no one buys appliances, or inflation would go up.

Brasil Últimas Notícias, Brasil Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

Alex Rodriguez on the business of sports, the Home Run Derby, and moreMarc Lasry, Avenue Capital Group co-founder, chairman and CEO, and Alex Rodriguez, founder and CEO of ARod Corp., join 'Squawk Box' to discuss the business of sports. SquawkCNBC AROD AROD is one of the best in commentary, analytics and knowledge of the game of baseball. GOD has blessed you - use it! AROD SquawkCNBC AROD is a natural
Fonte: CNBC - 🏆 12. / 72 Consulte Mais informação »