Whirlpool Warns of Recession-Level Industry Decline Due to Iran War, Shares Drop 20%
Whirlpool reported a 'recession-level industry decline' in the U.S. due to the war in Iran, citing collapsing consumer confidence and rising fuel prices. The company's shares fell 20% after it slashed its full-year earnings guidance and suspended its dividend.
Tickers: $WHR
Topics: Consumer Confidence Cost Management Dividend Suspension Earnings Geopolitical Impact