“Whirlpool Corp.’s WHR +2.32% fourth-quarter profit sank 40% as the home appliances company was bogged down by one-time charges, although core earnings improved sharply and came in above Wall Street estimates.
For the current year, Whirlpool forecast earnings of between $9.25 and $9.75 a share, above the $9.17 expected by analysts polled by Thomson Reuters.
Chief Executive Jeff Fettig said Whirlpool had successfully improved operating margins through cost-based price increases, product mix, cost and capacity-reduction initiatives and ongoing productivity programs.
“Those actions, combined with improving trends in U.S. housing and growth opportunities in emerging markets, create positive momentum going into 2013,” he said….”
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