Whirlpool (WHR) reported earnings on Fri 22 Jul 16 (b/o)

** charts before earnings **

 

** charts after earnings **

 

** 7 days later  **

Whirlpool beats by $0.10, beats on revs; guides FY16 EPS in-line :

• Reports Q2 (Jun) ongoing earnings of $3.50 per share, $0.10 better than the Capital IQ Consensus of $3.40; revenues fell 0.2% year/year to $5.2 bln vs the $5.11 bln Capital IQ Consensus.
• Co issues in-line guidance for FY16, raises bottom end of EPS to $14.25-14.75 from $14.00-14.75 vs. $14.68 Capital IQ Consensus Estimate.
• For the full year 2016, the company expects to generate cash from operating activities of $1,400 to $1,550 million and free cash flow of $700 to $800 million. Included in this guidance are acquisition related restructuring cash outlays of up to $200 million, legacy product warranty and liability costs of $155 million and, with respect to free cash flow, capital spending of $700 to $750 million.