Whirlpool Corp. WHR said Tuesday it expects a full-year 2022 loss of $1.535 billion, or $27.50 a share, after a profit of $1.783 billion, or $28.36 a share, in the year-earlier period. The appliance maker expects its adjusted per-share earnings to come to $19.25, ahead of the $19.03 FactSet consensus. It expects sales to total $19.7 billion, down 10% from $21.9 billion a year ago, and below the $19.9 billion FactSet consensus.
7 billion, down 10% from $21.9 billion a year ago, and below the $19.9 billion FactSet consensus. The quarter was hit by a “significantly one-off supply chain disruption,” mostly due to one critical supplier, which has since been resolved. The company offered the updated guidance as it announced the end of a strategic review of its EMEA business that resulted in an agreement to contribute its European major domestic appliance business into a newly formed entity with Turkey’s Arçelik A.
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stock picks to buy: Best investing ideas for 2023, market tipsBuy these 17 highest-conviction stocks for the best chance at outperformance as the market endures a challenging economic 'hard landing' Whatever... every Tom Dick and Harry analyst has their handful of stocks that'll supposedly be resilient winners in the market ..and half of them fail, if not more.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Source: FXStreetNews - 🏆 14. / 72 Read more »