Whirlpool (WHR) Stock Climbs on Q2 Earnings Beat
NEW YORK (TheStreet) -- Shares of Whirlpool (WHR) - Get Report are up 0.78% to $184.14 this morning after the company reported 2016 second quarter earnings that were better than expected.
Whirlpool reported adjusted earnings of $3.50 per share, topping analysts' estimates of $3.36 per share for the period. The company said this was a quarter of record earnings.
Whirlpool also reported revenue of $5.20 billion. Wall Street had been looking for revenue of $5.13 billion.
CEO Jeff Fettig said the company has overcome challenges in key countries.
"Our leading portfolio of brands, innovative new products and strong ongoing cost productivity programs have enabled us to continue creating significant value for our shareholders," Fettig added.
Whirlpool benefited from volume growth, cost cuts and acquisitions in the past quarter.
Separately, TheStreet Ratings rated this stock as a "buy" with a ratings score of B.
The company's strengths can be seen in multiple areas, such as its reasonable valuation levels and notable return on equity. TheStreet Ratings feels its strengths outweigh the fact that the company has had sub par growth in net income.
You can view the full analysis from the report here: WHR
Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.