Whirlpool Stock Sinks on Appliance Maker's Weaker-Than-Expected Results, Outlook
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Whirlpool's stock dropped 17% due to disappointing financial results and weak future guidance, with North American sales declining. The company is also reducing its stake in its Indian subsidiary by half.
January 30, 2025 | 3:45 pm
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Whirlpool's stock fell 17% following weaker-than-expected earnings and guidance, with North American sales declining. The company is also reducing its stake in its Indian subsidiary by 50%.
The significant drop in Whirlpool's stock price is due to the company's poor financial performance and weak outlook, particularly in North America. The decision to cut its stake in the Indian subsidiary further adds to investor concerns.
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