Whirlpool (NYSE: WHR) reported Q1 EPS of $2.81, $0.19 worse than the analyst estimate of $3.00. Revenue for the quarter came in at $4.9 billion versus the consensus estimate of $4.95 billion.

"We are pleased with the progress on our previously-announced global cost-based price increases and fixed cost reduction initiatives, which resulted in expansion of both ongoing EBIT(2) and ongoing earnings per share(1)," said Marc Bitzer, chief executive officer of Whirlpool Corporation. "Our first-quarter results give us further confidence in our long-term value creation strategy, and we remain focused on delivering strong levels of margin expansion and improved cash conversion this year."

GUIDANCE:

Whirlpool sees FY2018 EPS of $14.50-$15.50, versus the consensus of $15.20.

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