Seeking Alpha

Whirlpool tumbles after big miss and reduced guidance

  • Citing the costs associated with pending acquisitions in China and Europe, Whirlpool (NYSE:WHR) cuts full-year EPS guidance to $10.30-$10.80 from $11.05-$11.55.
  • As for Q2 results, North America sales of $2.7B rose about 4%, excluding currency impacts, with operating margin of 10.6%, up from 10.1%.
  • Europe, Middle East, and Africa ales of $746M rose about 3% ex-currency.
  • Latin America sales of $1.1B declined about 4% ex-currency.
  • Asia sales of $211M fell about 9% ex-currency.
  • Shares -5.7% premarket
  • Previously: Whirlpool misses by $0.29, misses on revenue
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