Whirlpool falls more than 9% after earnings miss

Whirlpool falls more than 9% after earnings miss

6 years ago
Anonymous $hM_jrxqbr-

https://finance.yahoo.com/news/whirlpool-falls-more-9-earnings-203200925.html

CEO Marc Bitzer said in the release that Whirlpool saw weak performance in its Europe, Middle East and Africa business. For that region, Whirlpool said its sales decreased 12.3 percent, excluding currency impacts. The consumer appliance company said its business in the region was hit by "unit volume declines, raw material inflation and unfavorable foreign currency impacts."

Bitzer said, however, that Whirlpool remains confident it can deliver shareholder value in coming quarters as the company takes "strong actions to improve [its] operational execution."