Whirlpool profit beats on price hikes, shares jump

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Whirlpool profit beats on price hikes, shares jump
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Appliances maker Whirlpool Corp beat analysts' estimates for quarterly prof...

FILE PHOTO: The administrative entrance at the Whirlpool plant in Clyde, Ohio, U.S. October 3, 2017.REUTERS/Aaron Josefczyk/

Shares of the company rose about 8 percent after the bell, adding to the 32 percent gain since the beginning of the year. “Successful execution of price increases and sustained focus on cost discipline drove very positive results in the first quarter, and provide confidence in our ability to deliver our full-year financial goals,” Chief Executive Officer Marc Bitzer said in a statement.

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