Whirlpool Shares Drop Following Q3 Earnings Miss and Reduced 2026 Outlook
Whirlpool Corp. (WHR) shares fell significantly in overnight trading after the company reported third-quarter results that missed analyst expectations on both revenue and earnings. The manufacturer posted a net loss of $249 million, compared to a profit in the previous year, as North American appliance revenue declined by 8.3% and operating profits plummeted. Compounding the poor quarterly performance, Whirlpool slashed its 2026 outlook for the third time this year, now forecasting an adjusted loss of $1.30 per share instead of the previously anticipated $7 earnings per share. Wells Fargo analysts noted that margin shortfalls in North America and Latin America, alongside slowing growth in small appliances, provide little optimism for a near-term recovery.
Topics: earnings miss guidance cut margin contraction revenue decline stock price drop
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