Whirlpool Cuts Full-Year Forecast Less Than Feared; Shares Gain

Whirlpool Corp. cut its full-year earnings forecast less than feared, sending shares up in late trading.

The KitchenAid owner now expects ongoing earnings per share, excluding some items, to be between $22 and $24 for the current year, which is $2 lower than the previous range. Analysts had forecast $23.91 for the year, according to estimates compiled by Bloomberg. Revenue is seen falling 6% in 2022, compared with prior guidance for growth of as much as 3%.