Whirlpool Lowers FY Profit Outlook - Update

(RTTNews) - While reporting financial results for the second quarter on Wednesday, Whirlpool Corp. (WHR) revised its full-year ongoing earnings outlook.

Whirlpool now expects full-year ongoing earnings per share to be about $12.00, compared to previous estimate of $13.00 to $15.00 per share. Analysts polled by Thomson Reuters currently estimate earnings of $12.54 per share.

Whirlpool continues to expect full-year revenues to be about $16.90 billion. Analysts currently estimate earnings of $16.77 billion.

The company expects cash provided by operating activities to be about $1.05 billion and free cash flow to be around $500 million.

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