Whirlpool Corporation Surges 4% On 2018 Guidance

Shares of Whirlpool Corporation WHR surged over 4 percent Wednesday after the company provided welcome longer-term guidance.

The company provided guidance at its Investor Day for FY2018 EPS at $22.00 to 24.00 and sales to be in the range of $26.0 billion to $28.0 billion.

For 2015, Whirlpool Corporation expected to report full-year GAAP net earnings per diluted share of $10.75 to $11.75 which included acquisition related integration costs.  The company expected to report full-year ongoing business earnings per diluted share of $14.00 to $15.00.

"Given our acquisitions and the opportunities that we have around the world, we have created an outstanding platform with multiple levers for profitable growth," said Fettig. "We are committed to increasing shareholder value and plan to share details of our vision and long-term growth strategy at our Investor Day this week."

Whirlpool Corporation recently traded at $181.54, up 4.08 percent