Whirlpool declines after Q3 results disappoint

By Reuters News3 hours ago Updated

** US home appliance manufacturer Whirlpool's WHR.N shares decline 8.2% to $24.29 premarket after company announces Q3 results

** WHR on track to open at lowest levels since March 2009, if losses hold

** Co posts Q3 adj. loss of 21 cents per share vs analysts' estimates of profit of 80 cents — data compiled by LSEG

** WHR posts Q3 net sales of $3.68 billion vs analysts' estimate of $3.92 billion

** Co says high interest rates, inflation and sluggish home sales have hurt replacement demand

** Stock trading at 11.72 times expected EPS over the next 12 months, below industry median of 13.54

** As of last close, WHR down over 63% YTD, underperforming the S&P Composite 1500 Household Appliances sub index .SPCOMAPPL, which is down over 12% YTD

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