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.
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Source: CNBC - 🏆 12. / 72 Read more »