WASHINGTON (dpa-AFX) - Whirlpool Corp. (WHR), the world's largest home appliance company, said Monday that it now expects to report full-year 2014 net earnings of $8.00 to $8.20 per share and full year 2014 ongoing business earnings of $10.90 to $11.10 per share.
Previously, the company expected net earnings of $9.40 to $9.90 per share and ongoing business earnings per share of $11.50 to $12.00 per share for the full year 2014.
Analysts polled by Thomson Reuters currently expect the company to earn $11.65 per share for the full year 2014. Analysts' estimates typically exclude special items.
Whirlpool said it has adjusted its full-year 2014 net earnings per share guidance mainly to reflect incremental acquisition expenses related to the accelerated integration plans for the recently completed acquisitions of Indesit Company, S.p.A and a majority interest in Hefei Rongshida Sanyo Electric Co., Ltd. In addition, the company expects additional unfavorable currency along with temporary new product transition costs in North America related to the previously announced new laundry product launches.
For the full year 2015, Whirlpool expects to report net earnings of $10.75 to $11.75 per share and ongoing business earnings of $14.00 to $15.00 per share. Analysts currently expect the company to earn $14.50 per share for the full year 2015.
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