Whirlpool Stock Sinks on Appliance Maker's Weaker-Than-Expected Results, Outlook

Key TakeawaysWhirlpool's North American sales dropped, and the home appliance maker's fourth-quarter results and guidance came up short of forecasts.The company swung to a loss because of a Maytag brand impairment charge.Whirlpool also announced it was cutting its stake in its Indian subsidiary. Shares of Whirlpool (WHR) tumbled nearly 17% Thursday as the maker of home appliances posted worse-than-expected results and gave weak guidance as North American sales slumped. The company also said it was slashing ...