Whirlpool lowers full-year earnings guidance due to inflation and supply chain issues.

From Google: 2024-07-24 16:51:46

Whirlpool has decided to lower its full-year earnings guidance due to the impact of inflation and supply chain issues. The company now expects adjusted earnings per share to be in the range of $23.25 to $24.25, down from the previous estimate of $24.50 to $25.50. Whirlpool’s shares fell as much as 9% in after-hours trading following the announcement. The appliance maker cited higher costs for commodities like steel and resin as contributing factors to the revised guidance. Whirlpool plans to increase prices on their products to help offset these rising costs.



Read more at Google: Whirlpool cuts full-year earnings guidance – Yahoo Canada Finance