Whirlpool Corp. (WHR) on Monday reported a loss of $179 million in its first quarter.
On a per-share basis, the Benton Harbor, Michigan-based company said it had a loss of $3.27. Earnings, adjusted for non-recurring costs, were $2.66 per share.
The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $2.14 per share.
The maker of Maytag, KitchenAid and other appliances posted revenue of $4.65 billion in the period, which also beat Street forecasts. Three analysts surveyed by Zacks expected $4.55 billion.
Whirlpool expects full-year earnings in the range of $16 to $18 per share, with revenue expected to be $19.4 billion.
