Whirlpool Revises 2017 Earnings Guidance; Increases Share Buyback To $2.35 Bln

(RTTNews) - Whirlpool Corp. (WHR) announced, for the full-year 2017, the company now expects ongoing business earnings per share of $14.50 to $15.00. For the full-year 2017, the company now expects to generate cash from operating activities of $1.65 to $1.7 billion and continues to expect to generate free cash flow of approximately $1 billion.

The Board of Directors approved an additional $2 billion share repurchase authorization, bringing the company's total authorization to $2.35 billion; the company intends to continue repurchasing stock throughout the remainder of 2017.