Whirlpool beats second quarter profit forecasts

BENTON HARBOR (AP) - Whirlpool Corp. (WHR) on Wednesday reported second-quarter profit of $177 million. The Benton Harbor, Michigan-based company said it had net income of $2.21 per share. Earnings, adjusted for one-time gains and costs, were $2.70 per share. The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $2.67 per share. The maker of Maytag, KitchenAid and other appliances posted revenue of $5.21 billion in the period. Whirlpool expects full-year earnings in the range of $12 to $13 per share. Whirlpool shares have declined 14 percent since the beginning of the year, while the Standard & Poor's 500 index has climbed almost 3 percent. The stock has climbed 19 percent in the last 12 months. -------- This story was generated by Automated Insights (http://automatedinsights.com/ap ) using data from Zacks Investment Research. Access a Zacks stock report on WHR at http://www.zacks.com/ap/WHR. Published: Thu, Jul 23, 2015