real-time news and commentary for investors
Monday, Oct 14
Whirlpool tumbles on appliance demand report
- Whirlpool (WHR -6.5%) shares are down sharply on heavy volume after Cleveland Research issues a note that appliance demand has softened in Sept. (shipments are seen up 5%-7% YoY vs. Aug.'s 15%).
- Cleveland, which has a neutral rating on WHR, thinks Whirlpool will still hit Q3 EPS numbers despite weakening trends.