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Wednesday, July 23, 2014

Whirlpool cuts outlook as sales outside North America fall, (NYSE: WHR)

Whirlpool Corp on Wednesday reported a lower-than-expected quarterly profit as sales fell in every region except North America. The company also cut its full-year earnings outlook, citing expenses from two pending acquisitions.The news sent shares of Whirlpool, the world's largest maker of home appliances, down as much as 5.5 percent.The company posted second-quarter earnings of $179 million, or $2.25 a share, down from $198 million, or $2.44 a share, a year earlier.That was well below the $2.91-a-share profit that analysts had expected, according to Reuters estimates.

Whirlpool Corporation (Whirlpool) is a manufacturer and marketer of home appliances. Shares of WHR fell by 4.72% or $-6.76/share to $136.44. In the past year, the shares have traded as low as $124.39 and as high as $160.01. On average, 989506 shares of WHR exchange hands on a given day and today's volume is recorded at 1385467.