- Whirlpool dropped almost 9% in extended trading after cutting its full-year revenue guidance to $14.5 billion from $15 billion, a reduction of about 3.3% (Lumida calculation). The appliance maker posted an adjusted loss of 21 cents a share for the third quarter, when analysts had expected a profit of 80 cents.
- Whirlpool’s third-quarter revenue came in at $3.68 billion, short of the $3.92 billion LSEG consensus, a miss of roughly 6% (Lumida calculation). The combination of a top-line shortfall, a swing to a loss and a lower outlook left investors little to lean on heading into Tuesday’s session.
- JetBlue moved the other way, rising 7% after hours according to CNBC and 9.7% according to the Wall Street Journal, after reporting results a day early. Its adjusted loss of 60 cents a share was wider than the 55 cents analysts polled by LSEG expected and revenue narrowly missed, but the carrier said it expects further margin expansion in the fourth quarter even with fuel prices seen 85% higher than a year earlier.
- The JetBlue bounce comes off a deeply depressed base. The stock fell close to 10% on Monday to $2.37, its third straight close at an all-time low, after the Journal reported that senior creditors had hired a financial adviser and a law firm, and the airline is now leaning on $2.2 billion of liquidity and a reaffirmed pledge to turn an operating profit next year.
What Happened?
Whirlpool and JetBlue were the biggest after-hours movers on Monday as earnings season continued. Whirlpool cut its full-year revenue guidance to $14.5 billion from $15 billion, reported third-quarter revenue of $3.68 billion against a $3.92 billion consensus and lost an adjusted 21 cents a share against expectations of an 80-cent profit. JetBlue reported a third-quarter loss of $257 million, or 68 cents a share, steeper than a year earlier, but said it covered more of its fuel expense through higher fares than expected and that its operating margins, while still negative, are improving. Stock futures were little changed after the reports, with Dow futures down 24 points, or about 0.1%, and S&P 500 and Nasdaq-100 futures near the flatline.
Why It Matters?
The two reports show how unevenly cost pressures are landing across consumer-facing companies. Whirlpool’s guidance cut points to softer demand for big-ticket household goods, a warning sign for discretionary spending at a time when energy prices remain high. For JetBlue, the question had shifted from earnings to viability, so evidence that fares are offsetting more of the fuel bill mattered more to investors than a slightly wider loss. CFO Ursula Hurley said the airline has “the liquidity and financing options to create a strong bridge” to its 2028 financial targets, which is the message bondholders and the creditor group needed to hear.
What’s Next?
Whirlpool investors will look for detail on which regions and product lines drove the revenue shortfall, and whether the lower outlook already reflects the full impact of costs. For JetBlue, the next tests are whether fourth-quarter margins actually expand, how talks with the creditor group develop and whether the stock can hold its after-hours gain. Melius Research analyst Conor Cunningham wrote before the results that “a successful outcome has become harder” with fuel spiking, though “a Chapter 11 filing is not a foregone conclusion.”
