NEW YORK (TheStreet) -- Shares of Whirlpool (WHR) - Get Whirlpool Corporation (WHR) Report were falling 2.2% to $154.00 in pre-market trading Tuesday after missing analysts' estimates for earnings in the third quarter.
The appliance company reported earnings of $3.04 a share for the third quarter, missing the Capital IQ Consensus Estimate of $3.13 a share by 9 cents. Revenue grew 3% year over year to $4.82 billion for the quarter, compared to analysts' estimates of $4.83 billion.
Net sales for Whirlpool North American grew to $2.8 billion from $2.6 billion in the year-ago quarter, a 6.3% increase.
Whirlpool said it expects earnings of $11.50 to $12.00 a share for the full year 2014, compared to analysts' estimates of $11.62 a share for the year.
TheStreet Ratings team rates WHIRLPOOL CORP as a Buy with a ratings score of A. TheStreet Ratings Team has this to say about their recommendation:
"We rate WHIRLPOOL CORP (WHR) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its attractive valuation levels, largely solid financial position with reasonable debt levels by most measures and increase in stock price during the past year. We feel these 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 Ratings Report