Whirlpool (WHR)

Whirlpool Corp. said its third-quarter profit fell 47%, with sales remaining weak across most of its businesses. The company said its profits were $87 million, or $1.15 a share, down from $163 million, or $2.15, a year earlier. Revenue dropped 8.2% to $4.5 billion; excluding currency effects, the drop was about 3%.
However, earnings exceeded analyst expectations and the appliance giant boosted its 2009 target to about $4.25 a share, compared with its prior expectation of $3.50 to $4.

Oct 23 · 10:04:00 AM · Source: Company News Release
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by Larry Etter