The Traderszone Network

Published in TZ Latest News 23 October, 2015 by The TZ Newswire Staff

Whirlpool shares slide on pricing, forex concerns

Promotional pricing and deep discounts by some foreign competitors eroded market share in the third quarter, President and Chief Operating Officer Marc Bitzer said on a conference call following Whirlpool’s third-quarter earnings report. “Nobody wants to hear about pricing getting more competitive in any kind of retail environment,” analyst Megan McGrath at MKM Partners said. Whirlpool shares fell 7.92 percent to $147.15.