Home appliance company Whirlpool Corp. (NYSE: WHR) has reported a sharp fall in adjusted earnings for the fourth quarter of 2022, hurt by a 15% decline in sales.
At $4.92 billion, fourth-quarter net sales were down 15% from the year-ago period. All four geographical segments experienced weakness during the period.
Ongoing earnings, which represent profit excluding special items, dropped 37% annually to $3.89 per share during the three-month period. On an unadjusted basis, the company reported a net loss of $1.61 billion or $29.35 per share, compared to a profit of $298 million or $4.90 per share in the prior-year quarter.
Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!
Most Popular
BIIB Earnings: Biogen Q1 2024 adj. earnings rise despite lower revenues
Biotechnology firm Biogen Inc. (NASDAQ: BIIB) Wednesday reported an increase in adjusted profit for the first quarter of 2024, despite a decline in revenues. Total revenue declined 7% year-over-year to
Hasbro (HAS) Q1 2024 Earnings: Key financials and quarterly highlights
Hasbro, Inc. (NASDAQ: HAS) reported first quarter 2024 earnings results today. Revenues decreased 24% year-over-year to $757.3 million. Net earnings attributable to Hasbro, Inc. were $58.2 million, or $0.42 per
BA Earnings: Highlights of Boeing’s Q1 2024 financial results
The Boeing Company (NYSE: BA) on Wednesday announced financial results for the first quarter of 2024, reporting a narrower net loss, on an adjusted basis. Revenues dropped 8%. Core loss,
