Whirlpool (WHR) reported Q1 earnings on Tue 26 Apr 2016 (b/o)

** chart before earnings **

** charts after earnings **

 

Whirlpool misses by $0.06, misses on revs; reaffirms FY16 EPS guidance :

• Reports Q1 (Mar) earnings of $2.63 per share, excluding non-recurring items,$0.06 worse than the Capital IQ Consensus of $2.69; revenues fell 4.7% year/year to $4.62 bln vs the $4.69 bln Capital IQ Consensus; +1% ex-FX.
• Co reaffirms guidance for FY16, sees EPS of $14.00-14.75, excluding non-recurring items, vs. $14.68 Capital IQ Consensus Estimate. "Our record first-quarter results were in line with our expectations and we completed our existing share repurchase program," said Jeff M. Fettig, chairman and chief executive officer of Whirlpool Corporation. "We remain confident in our ability to deliver our 2016 guidance as we capitalize on robust demand in the U.S., new product introductions and strong productivity around the globe."