NEW YORK (TheStreet) -- Whirlpool Corp. (WHR) - Get Report stock is increasing 0.74% to $133 in pre-market trading on Friday after the household appliance company reported better than expected earnings per share for the 2015 fourth quarter. Revenue fell short of estimates.
The Benton Harbor, MI-based company reported earnings of $4.10 per share for the quarter ended December 31, beating estimates by 19 cents per share.
Revenue fell to $5.56 billion for the latest quarter, compared with $6 billion for the 2014 fourth quarter. Analysts had estimated revenue of $5.74 billion.
The 7% year-over-year drop in revenue was caused by weak demand in Brazil, as well as a negative impact from foreign exchange rates.
North America sales increased to $2.9 billion for the quarter, compared with $2.8 billion for the same period in 2014.
Additionally, Whirlpool set its 2016 earnings guidance at $14 to $14.75 per share, in line with analysts' estimates of $14.42 per share.
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
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