Whirlpool Expects Full-Year Loss of $1.30 Per Share
Whirlpool announced Monday that it expects a full-year loss of $1.30 per share, after steadily reducing its full-year guidance since January.
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08:43:35 PM UTC
SquawkNews
By Janet H. ChoHousehold appliance maker Whirlpool Corp. continues to battle declining sales and shrinking margins, slashing its full-year guidance as it reports a slower than expected recovery.The stock tumbled 7.3% in late Monday trading, after closing down 5.9%, at $26.44, in regular trading.For…
By John KeilmanA miserable housing market is keeping appliance-shoppers on the sidelines, and Whirlpool is paying the price.The struggling appliance maker on Monday announced that it expects a full-year loss of $1.30 per share. The company has steadily decreased its full-year guidance since January…