Whirlpool Corp. WHR, +7.38% shares rallied in the extended session Monday after the appliance maker topped Wall Street earnings estimates for the quarter. Whirlpool shares rallied 5% after hours, following a 0.2% rise to close the regular session at $139.36. The company reported first-quarter net income of $471 million, or $7.31 a share, compared with $94 million, or $1.30 a share, in the year-ago period. Adjusted earnings were $3.11 a share. Revenue declined to $4.76 billion from $4.91 billion in the year-ago quarter. Analysts surveyed by FactSet had forecast earnings of $2.86 a share on revenue of $4.83 billion. For the year, Whirlpool expects unadjusted earnings of $14.05 to $15.05 a share, while analysts had forecast unadjusted earnings of $13.38 a share.
Whirlpool Corp. shares rose $11.44 (+8.21%) in after-hours trading Monday. Year-to-date, WHR has gained 31.46%, versus a 16.77% rise in the benchmark S&P 500 index during the same period.
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