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Why Whirlpool Stock Just Crashed

TheMotleyFool

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Why Whirlpool Stock Just CrashedPhoto, wide shot, wide-angle lens, Heavy machinery, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by Edward Burtynsky: https://img.midjourneyapi.xyz/temp/c15253b0-7330-4605-a666-66954eaf6715.png

Shares of industrial giant Whirlpool (NYSE: WHR) are tumbling in early afternoon trading Thursday, down 9.5% as of 12:55 p.m. EST.

Heading into Q4, analysts had forecast that Whirlpool would earn $6.07 per share in pro forma profit on quarterly sales of $5.6 billion. In fact, Whirlpool ended up earning $6.64 per share, though, and on sales of $5.8 billion. So this is a curious reaction investors are having to news that Whirlpool just beat on both sales and earnings -- but it is what it is.

Image source: Getty Images.

Source Fool.com

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