Whirlpool tumbles after big miss and reduced guidance

|About: Whirlpool Corporation (WHR)|By:, SA News Editor

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