Whirlpool Corp. Q1 Profit Decreases, misses estimates

Whirlpool Corp. (WHR) reported earnings for first quarter that decreased from last year and missed the Street estimates.

The company's earnings came in at $313 million, or $5.33 per share. This compares with $433 million, or $6.81 per share, in last year's first quarter.

Excluding items, Whirlpool Corp. reported adjusted earnings of $463 million or $5.31 per share for the period.

Analysts on average had expected the company to earn $5.36 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 8.2% to $4.92 billion from $5.36 billion last year.

Whirlpool Corp. earnings at a glance (GAAP) :

-Earnings (Q1): $313 Mln. vs. $433 Mln. last year.
-EPS (Q1): $5.33 vs. $6.81 last year.
-Analyst Estimates: $5.36
-Revenue (Q1): $4.92 Bln vs. $5.36 Bln last year.

Full year EPS guidance: $24.00 to $26.00

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