Whirlpool Cuts Full-Year Ongoing EPS Outlook From $13.00 - $15.00 To Approximately $12.00, Est $12.54
Portfolio Pulse from Benzinga Newsdesk
Whirlpool has revised its full-year ongoing EPS outlook from $13.00 - $15.00 to approximately $12.00, with an estimated $12.54. The company also expects full-year GAAP earnings per diluted share of approximately $3.00, primarily due to a non-cash charge related to a Europe transaction.
July 24, 2024 | 8:51 pm
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Whirlpool has lowered its full-year ongoing EPS outlook to approximately $12.00, down from the previous range of $13.00 - $15.00. The company also expects full-year GAAP earnings per diluted share of approximately $3.00, mainly due to a non-cash charge related to a Europe transaction.
The downward revision of the EPS outlook and the significant impact of a non-cash charge related to a Europe transaction are likely to negatively affect investor sentiment and short-term stock price performance.
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