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Whirlpool Stock Plunges Amid Appliance Demand Slump
Whirlpool's stock plummeted by 20% after the company's CFO reported that appliance demand has reached levels not seen since the 2008 financial crisis. The severe decline is attributed to various economic factors.
6 May, 22:11 — 7 May, 11:45
The Story
Analyzing sources…
Source Diversity
Source Diversity
Moderate (27/100)2 sources— more sources would strengthen this score15/33
Spectrum spread— 2/5 buckets covered8/33
Far L
Left1
Left (1)
Yahoo
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Right
Far R1
Far Right (1)
zerohedge
Geographic diversity— 1 region4/34
US2
ℹAll sources from US region
ℹOnly 2 sources cover this story
Sources
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YahooMostly Factual97d ago
Whirlpool stock sinks 20%, CFO says appliance demand hasn't been this low since 'the great financial crisis'
Read full article →zerohedgeLow96d ago
Whirlpool Crashes After Iran Shock Sparks "Recession-Level" Appliance Slump
Whirlpool Crashes After Iran Shock Sparks "Recession-Level" Appliance Slump Whirlpool shares crashed as much as 20% in premarket trading after the appliance maker slashed its full-year outlook and posted weaker-than-expected first-quarter results. Management directly blamed the three-month war in the Middle East for triggering a collapse in U.S. appliance demand. Whirlpool began the earnings release with this statement: "War in Iran resulted in a recession-level industry decline...
By Tyler Durden
Read full article →Coverage Timeline
First report: Yahoo · 6 May, 22:11|Full coverage: 2 · 14h|Window: 14h
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