Whirlpool shares slide on disappointing quarterly earnings and full-year guidance

Published 28/07/2025, 21:22
Updated 29/07/2025, 10:50
© Reuters.

Investing.com -- Whirlpool Corp shares slumped by more than 14% in premarket U.S. trading on Tuesday after the electric appliances maker reported second-quarter earnings and an annual profit guidance that fell short of projections.

The group posted adjusted earnings of $1.34 per share for the period, missing the average analyst estimate of $1.82. Revenue was $3.77 billion, below the $3.9 billion expected by analysts.

"As expected, the second quarter continued to be impacted by competitors stockpiling Asian imports into the U.S. Despite this, we are well positioned in North America with a robust pipeline of new products, the industry’s leading U.S. manufacturing footprint, and favorable housing demand fundamentals," said CEO Marc Bitzer in a statement.

For its 2025 fiscal year, Whirlpool (NYSE:WHR) projected earnings of $6.00 to $8.00 per share, compared with Wall Street consensus expectations of $9.06.

Revenue was forecast to come in at $15.8 billion, slightly above the $15.66 billion analysts had projected.

"These results clearly fall well short of our sense of investor expectations," analysts at RBC Capital Markets said in a note.

(Scott Kanowsky contributed reporting.)

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2025 - Fusion Media Limited. All Rights Reserved.