Whirlpool Adjusts 2014 Outlook On Acquistions, Gives 2015 View

Whirlpool Corp. said late Monday it updated its 2014 outlook to account for recent acquisitions and provided an outlook for 2015. Shares of Whirlpool rose 1.4% to $185.88 on light volume. Whirlpool said its acquisition of Indesit Co. and a majority stake in Hefei Rongshida Sanyo Electric Co. will result in 2014 earnings of $8 to $8.20 a share, or ongoing business diluted earnings of $10.90 to $11.10 a share. For 2015, Whirlpool expects earnings of $10.75 to $11.75 a share, or ongoing business diluted earnings of $14 to $15 a share.