16.12.2014 - Whirlpool worsened earnings forecast
Whirlpool Company has reduced forecast on financial performance for the year and worsened the outlook for 2015, considering the cost of acquisitions. The world's largest producers of household appliances is going to get 8.0-8.2 dollar earnings per share, compared with the previously expected 9,4-9,9 dollars per share. The reason for the decline in profits was the launch of new products and the purchase of the Italian company Indesit and Chinese Hefei Rongshida Sanyo. In 2015 it is planned to receive 10,75-11,75 dollars in earnings per share. According to analysts, company will double sales in Europe and Asia. We recommend buying shares of companies with growth potential by 25-30% per year.