Whirlpool Misses Expectations For First Quarter

whirlpoollogo2014-13
whirlpoollogo2014-13

Revenue was up in the first quarter for Whirlpool, but the world’s largest appliance maker missed Wall Street expectations when it somes to earnings per share at $2.50. The Benton Harbor-based company revised its full-year earnings guidance down, also falling under the expectations of analysts. Whirlpool released its earnings report Monday evening after the market closed, showing revenue growth of around 4% with the full-year earnings pressured by what it calls “temporary integration challenges” in the Europe-Middle East-Asia region.