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Whirlpool Beats Analysts' 3Q Estimates


(WHR) - Get Whirlpool Corporation (WHR) Report

beat analysts' revised earnings expectations for the latest third quarter.

The home appliance maker reported third-quarter earnings of $67 million, or 98 cents a share, compared with $107 million, or $1.40 a share, for the same period a year ago. The company beat the eight-analyst

First Call/Thomson Financial

revised consensus estimate of 96 cents a share for the quarter.

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Whirlpool had warned investors that it wouldn't meet earlier estimates due to the loss of

Circuit City

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as a retail outlet, North American pricing pressures, and a weakening Euro.

Sales fell to $2.57 billion from $2.72 billion.

The company also said it expects to earn $1.45 to $1.55 a share for the fourth quarter, while analysts expect the company to earn $1.42 a share for the period.