Whirlpool Sinks 9% After Hours on Revenue Guidance Cut to $14.5B
WHR is trading near its 52-week low of $25.73 (6.3% below the low) on elevated volume (3.4× avg).
Summary
Whirlpool fell nearly 9% in extended trading after cutting full-year revenue guidance to $14.5 billion from $15 billion. Third-quarter revenue of $3.68 billion missed the $3.92 billion LSEG consensus, and the adjusted loss of 21 cents a share compared with an expected profit of 80 cents. This follows tonight's 8-K, which showed a $237 million quarterly loss and a full-year outlook now pointing to a loss of $1.30 per share versus the $7 adjusted EPS forecast in January. The stock is already near its 52-week low, so the guidance cut extends a brutal stretch that included the August dividend suspension. JetBlue is the other mover in the headline, up 7% after hours on projected fourth-quarter margin expansion despite fuel prices running 85% higher year over year; its adjusted loss of 60 cents a share was wider than the 55-cent consensus.
At the time of this announcement, WHR was trading at $24.12 on NYSE in the Manufacturing sector, with a market capitalization of approximately $1.7B. The 52-week trading range was $25.73 to $94.82. This news item was assessed with negative market sentiment and an importance score of 7 out of 10. Source: Binance News.