Business & Investment

Whirlpool predicts that 2021 profits will exceed expectations as demand for pandemics grows.

© Reuters.Management entrance to the Whirlpool plant in Clyde, Ohio

(Reuters)-Home appliances maker Whirlpool Corporation (NYSE :) said 2021 profits were better than expected as consumer electronics demand increased among those trapped in the house due to the COVID-19 outbreak on Wednesday. I’m predicting.

Demand for white goods, such as refrigerators, washing machines, and rotary dryers, which were previously only available for white goods, is discretionary from social activities such as people traveling home during the COVID-19 pandemic. Increased due to diversion of general spending.

Whirlpool expects full-year 2021 adjusted earnings to be between $ 19 and $ 20 per share, compared to analysts’ average estimate of $ 19.10, according to Refinitiv’s IBES data. Said.

Net income available to the company in the fourth quarter, which ended December 31, increased from $ 288 million ($ 4.52 per share) in the year-ago quarter to $ 497 million ($ 7.77 per share). did.

Net sales increased from $ 5.38 billion in the previous year to $ 5.80 billion.

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Whirlpool predicts that 2021 profits will exceed expectations as demand for pandemics grows.

https://www.investing.com/news/stock-market-news/whirlpool-forecasts-2021-profit-above-estimates-2400943 Whirlpool predicts that 2021 profits will exceed expectations as demand for pandemics grows.

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