NEW YORK (TheStreet) -- Whirlpool Corp. (WHR) - Get Report stock is advancing 1.30% to $133.74 on heavy trading volume on Friday after CEO Jeff Fettig told Barron's that the company's earning are expected to increase 15% per year, driven by strong results in the U.S.
Before the market open this morning, the Benton Harbor, MI-based household appliance company reported earnings of $4.10 per share, beating estimates by 19 cents for the quarter ended December 31.
Revenue declined 7% year-over-year to $5.56 billion, missing estimates of $5.74 billion because of unfavorable foreign exchange rates and weak demand in Brazil.
"About a year ago, we really shifted into what I would call a strong-dollar period," Fettig told Barron's. "If you look at these historically, these aren't one to two year shifts, they are five to ten year shifts."
Fettig added that emerging markets, such as Brazil, are expected to recover within three or four years, Barron's reports.
So far today, 2.34 million shares of Whirlpool have exchanged hands, compared with its average daily volume of 983,689 shares.
Separately, Whirlpool has a "buy" rating and a letter grade of B at TheStreet Ratings because of the company's earnings per share, net income and revenue growth, and attractive valuation levels.
You can view the full analysis from the report here: WHR
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.