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April 21, 2021, 4:36 p.m. EDT

Whirlpool stock rises after company beats Q1 views, raises guidance

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By Claudia Assis

WHR

Shares of Whirlpool Corp. /zigman2/quotes/200296850/composite WHR +1.32% rose more than 1% in the extended session Wednesday after the appliances maker reported first-quarter earnings that were above Wall Street expectations and raised its guidance. Whirlpool said it earned $433 million, or $6.81 a share, in the quarter, compared with $2.45 a share in the year-ago period. Sales rose to $5.36 billion, from $4.33 billion a year ago. Analysts polled by FactSet had expected the company to report GAAP earnings of $5.45 a share on sales of $4.82 billion. Whirlpool raised its guidance for full-year net sales growth to 13%, compared with growth around 6% in a previous estimate. It increased its EPS estimate for the year to between $23.10 and $24.10, from between $17.80 and $18.80. The company earlier this week raised the dividend to $1.40. Shares of Whirlpool ended the regular trading day down 0.7%.

/zigman2/quotes/200296850/composite
US : U.S.: NYSE
$ 246.85
+3.21 +1.32%
Volume: 449,856
May 5, 2021 4:03p
P/E Ratio
11.53
Dividend Yield
2.27%
Market Cap
$15.26 billion
Rev. per Employee
$249,346
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