Whirlpool Shares Slide to 14-Year Low After Revenue Shortfall and Dividend Halt
Whirlpool shares fell sharply to their lowest level in over 14 years after the appliance maker missed first-quarter revenue expectations and suspended its dividend. Management cut the full-year earnings forecast to $3.00-$3.50 per share from about $7.00 per share, citing weaker consumer spending and geopolitical-driven energy price increases that h…