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Whirlpool Raises FY19 Earnings Guidance

Whirlpool Corp. (WHR) announced, for the full-year 2019, the company now expects GAAP earnings per share of $17.80 to $18.55 and ongoing earnings per share of $14.75 to $15.50. Analysts polled by Thomson Reuters expect the company to report profit per share of $14.81, for the fiscal year. Analysts' estimates typically exclude special items.

For the full-year 2019, the company now expects to generate cash provided by operating activities of approximately $1.4 billion and free cash flow of approximately $800 million.

For the second-quarter, ongoing earnings per share was $4.01, compared to $3.20 prior-year. On average, seven analysts expected the company to report profit per share of $3.71, for the quarter.

Second-quarter net sales were $5.2 billion, compared to $5.1 billion, a year ago. Excluding the impact of currency, sales were up 3.5 percent. Analysts expected revenue of $5.03 billion, for the quarter.

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