Whirlpool (WHR) shares are surging 8% in premarket trading after it released a positive earnings report on Tuesday.
The appliance giant beat analysts' expectations on earnings per share, but missed slightly on revenue. Whirlpool's shock success comes it continues to deal with the ongoing US-China trade dispute and tariffs.
To compensate for the higher price of steel and aluminum, the company has raised its prices.
Successful execution 2 of price increases and sustained focus on cost discipline drove very positive results in the first quarter, and provide confidence in our ability to deliver our full-year financial goals," said CEO Marc Bitzer.