Whirlpool Slashes 2015 Guidance Sending Shares Down 7%

Whirlpool (WHR) ended Tuesday's trading day down over 7% after a disappointing earnings report, making it TheStreet's move of the day. The appliance maker reported earnings per share of $2.38, missing estimates of $2.34. The company also slashed its guidance amid the strengthening dollar. It now expects 2015 earnings per share to range from $9 to $10, compared to the previously anticipated $10.75 to $11.75. 'Our integration plans in Europe and China remain on track and we have taken actions to overcome recent currency movements,' Whirlpool Chairman & CEO Jeff Fettig said in a statement. 'We continue to invest in our leading brand portfolio and innovative new products while adjusting to a continuing volatile global economy.'