BUZZ - Whirlpool shares fall due to worse-than-expected Q3 results

October 27 - ** Shares of the US home appliance manufacturer Whirlpool (link) WHR.N fell 8.2% to $24.29 in pre-market trading after the company announced its third-quarter earnings report.

** If the decline continues, WHR could open at its lowest price since March 2009.

** The company reported an adjusted third-quarter loss of $0.21 per share, while analysts had expected a profit of $0.80 per share—data compiled by LSEG.

** WHR's third-quarter net sales were $3.68 billion, while analysts expected $3.92 billion.

** The company said that high interest rates, inflation, and sluggish housing sales have curbed remodeling demand.

** The stock's current price-to-earnings ratio based on forecasted earnings per share for the next 12 months is 11.72 times, below the industry median of 13.54 times.

** As of the previous trading day's close, WHR's cumulative decline so far this year has exceeded 63%, underperforming the S&P Composite 1500 Household Appliances Sub-Index (.SPCOMAPPL), which has lost more than 12% this year.

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