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Whirlpool tumbles as tariff delays cause outlook, dividend cuts
Whirlpool Corp. tumbled as tariff uncertainty upended expected benefits from the levy regime, forcing the appliance-maker to slash its outlook and dividend to shore up its financial position. The stock plunged as much as 14% in New York, the steepest intraday drop since January.
Whirlpool Cuts Full-Year Profit Guidance, Slashes Dividend as Tariffs Hurt 2Q Results -- Update
Whirlpool also expects to benefit from a healthier housing market. The company said a recovery in existing home sales should drive higher discretionary demand for appliances in the mid- to long-term, while a multi-year expansion of new housing in the U.S. after years of under supply should provide further long-term upside.
2don MSN
The Whirlpool ( NYSE: WHR) said it is recommending a new quarterly dividend rate of $0.90 per share, which is a notable reduction from the current $1.75 per share payout rate. Shares of Whirlpool ( ...
Whirlpool's shares tumbled 12% on Tuesday after the home appliances maker slashed its full-year earnings forecast and ...
Whirlpool are trading lower Tuesday after the company reported disappointing second-quarter earnings and significantly ...
Shares of the company, known for its large appliances such as washing machines and refrigerators, fell 12.1 per cent to $86 ...
Whirlpool Corp. reported a 5.4% drop in net sales during the quarter, while sales in North America declined by 4.7% from the ...
While it may not be enough for some shareholders, we think it is good to see the Whirlpool Corporation (NYSE:WHR) share price up 26% in a single quarter. But that doesn't help the fact that the three ...
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