(RTTNews) - Whirlpool Corporation (WHR) reported that its fourth quarter net earnings available to the company was $108 million or $1.91 per share compared to a loss of $393 million or $7.10 per share in the prior year.
Impairment of goodwill and other intangibles was $106 million compared to $381 million in the previous year.
Ongoing earnings per share were $1.10 compared to $4.57 in the prior year. Analysts expected the company to report earnings of $1.52 per share for the fourth quarter. Analysts' estimates typically exclude special items.
Quarterly net sales declined to $4.098 billion from $4.136 billion last year.
Looking ahead for fiscal year 2026, the company expects GAAP earnings per share of approximately $6.25 and ongoing earnings per share of approximately $7.00. It expects net sales of $15.3 billion - $15.6 billion; approximately 5% growth vs 2025 like-for-like net sales. Analysts expect the company to report earnings of $7.21 per share and revenues of $15.59 billion fiscal year 2026. Analysts' estimates typically exclude special items.
WHR closed at $80.87, down $2.60 or 3.11%. Overnight trading saw a sharper decline, with the stock falling to $75.00, a drop of $5.87 or 7.26%.
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