Whirlpool (WHR) Misses Q1 EPS Views; Trims FY15 EPS Outlook

Whirlpool (NYSE: WHR) reported Q1 ongoing EPS of $2.14, $0.23 worse than the analyst estimate of $2.37. Revenue for the quarter rose 11% to $4.8 billion versus the consensus estimate of $5.13 billion.

Whirlpool sees FY2015 EPS of $12.00-$13.00, versus the consensus of $13.91.

Whirlpool Corporation recently announced cost-based price increases in Latin America and Eastern Europe, which along with strong cost productivity programs are expected to deliver significant second-half 2015 margin expansion. The company expects to deliver record sales and ongoing earnings for the year.

"Our integration plans in Europe and China remain on track and we have taken actions to overcome recent currency movements," said Jeff M. Fettig, chairman and chief executive officer of Whirlpool Corporation. "We continue to invest in our leading brand portfolio and innovative new products while adjusting to a continuing volatile global economy."

For earnings history and earnings-related data on Whirlpool (WHR) click here.

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