Whirlpool (WHR) NewsBite - Whirlpool EPS Beats Estimates

Posted on Wednesday, July 23, 2008 10:32 AM

Whirlpool Corp. (WHR) opened at 73.71. So far today, the stock has hit a low of 73.15 and a high of 74.90. WHR is now trading at 74.70, up 6.55 (8.89%). The stock hit its 52 week high of 112.64 in July and set its 52 week low of 58.22 in July. WHR has been dropping for the past year. Household appliance maker Whirlpool reported this morning its second quarter profit fell 27 percent to $117 million on higher material and oil-related costs, and lower U.S. demand. The company posted earnings of $1.53 per share on revenue of $5.1 billion, while analysts expected earnings of $1.37 per share on sales of $5.03 billion. Technical indicators for the stock are neutral and improving while S&P gives WHR a positive 4 STARS (out of 5) buy rating. If you’re looking for a hedged play on this stock, consider an August bull-put credit spread below the $65 range. WHR stock could fall up to 13% before expiration and this position would still be profitable. [RHF - Seven Summits Strategic Investments NewsBite]