Whirlpool Corp. (WHR) Misses Q3 EPS by 40c, Slashes Guidance; Cuts Workforce
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Whirlpool Corp. (NYSE: WHR) reported Q3 EPS of $2.35, $0.40 worse than the analyst estimate of $2.75. Revenue for the quarter came in at $4.6 billion versus the consensus estimate of $4.76 billion.
Whirlpool Corp. sees GAAP FY2011 EPS of $4.75-$5.25, versus prior guidance of $7.25-$8.50
Whirlpoo also announced a workforce reduction of more than 5,000 positions primarily within North America and Europe.
Whirlpool Corp. sees GAAP FY2011 EPS of $4.75-$5.25, versus prior guidance of $7.25-$8.50
Whirlpoo also announced a workforce reduction of more than 5,000 positions primarily within North America and Europe.
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