Whirlpool shares tank on surprise quarterly loss, lower sales
Shares of Whirlpool Corp. plunged more than 8% late Monday after the appliance maker swung to a surprise quarterly loss, posted sales that missed Wall Street expectations, and said it expects lower global revenue growth for the year thanks in part to poor performance in Europe, the Middle East and Africa. Whirlpool said it lost $639 million, or $9.50 a share, in the quarter, versus earnings of $189 million, or $2.52 a share, in the year-ago period. Adjusted for one-time items, Whirlpool earned $3.20 a share... Читать дальше...