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Whirlpool: 1Q Earnings Snapshot

BENTON HARBOR, Mich. (AP) _ Whirlpool Corp. (WHR) on Monday reported first-quarter net income of $471 million.

The Benton Harbor, Michigan-based company said it had net income of $7.31 per share. Earnings, adjusted for non-recurring gains, were $3.11 per share.

The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $3.04 per share.

The maker of Maytag, KitchenAid and other appliances posted revenue of $4.76 billion in the period, falling short of Street forecasts. Three analysts surveyed by Zacks expected $4.88 billion.

Whirlpool expects full-year earnings in the range of $14 to $15 per share.

Whirlpool shares have risen 30 percent since the beginning of the year, while the Standard & Poor's 500 index has risen 16 percent. In the final minutes of trading on Monday, shares hit $139.38, a decline of slightly more than 8 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on WHR at https://www.zacks.com/ap/WHR