Whirlpool (NYSE:WHR) reported on Thursday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Whirlpool announced earnings per share of $2.82 on revenue of $4.33B. Analysts polled by anticipated EPS of $2.64 on revenue of $4.31B. That with comparison to EPS of $3.11 on revenue of $4.76B in the same period a year before. Whirlpool had reported EPS of $4.91 on revenue of $5.38B in the previous quarter. Analysts are expecting EPS of $2.14 and revenue of $4.17B in the upcoming quarter.
Whirlpool shares are down 23% from the beginning of the year , still down 31.18% from its 52 week high of $163.64 set on October 21, 2019. They are under-performing the S&P 500 which is down 10.34% year to date.
Whirlpool follows other major Consumer Cyclical sector earnings this month
Whirlpool's report follows an earnings beat by Tesla on Wednesday, who reported EPS of $1.24 on revenue of $5.99B, compared to forecasts EPS of $-0.25 on revenue of $6.16B.
Volkswagen 10 Pref ADR had missed expectations on Wednesday with first quarter EPS of $0.08 on revenue of $59.75B, compared to forecast for EPS of $0.12 on revenue of $58.33B.
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