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Why Whirlpool Corporation Stock Sank Today

TheMotleyFool

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Why Whirlpool Corporation Stock Sank Today

Shares of Whirlpool Corporation (NYSE: WHR) were going down the drain this morning as the appliance manufacturer lowered its earnings guidance, and Sears Holdings (NASDAQ: SHLD) said it would no longer carry the company's products after a pricing dispute.

As of 11:49 a.m. EDT, the stock was down 10.2%. The drop also came as the dishwasher maker missed estimates in its third-quarter earnings report last night.

Image source: Whirlpool.

Source: Fool.com