BENTON HARBOR, Mich. (AP) — Whirlpool Corp. (WHR) on Wednesday reported a loss of $393 million in its fourth quarter.
On a per-share basis, the Benton Harbor, Michigan-based company said it had a loss of $7.10. Earnings, adjusted for non-recurring costs, came to $4.57 per share.
The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $4.39 per share.
The maker of Maytag, KitchenAid and other appliances posted revenue of $4.14 billion in the period.
For the year, the company reported a loss of $323 million, or $5.87 per share. Revenue was reported as $16.61 billion.
Whirlpool expects full-year earnings to be $10 per share.