Whirlpool CEO Blames Election Uncertainty and Brexit for Earnings Miss, Projects a Swift Rebound

Whirlpool CEO Jeff Fettig blamed the confidence-sapping U.S. election and the plunge in the value of the British pound for the company’s disappointing third quarter earnings , and predicted that the appliance-maker’s woes would be short-lived. Whirlpool shares fell as much as 13% on Tuesday after the company posted earnings per share of $3.66, versus expectations for $3.86, according to FactSet. The company lowered its full-year core EPS guidance to $14-$14.25 from $14.25-$14.75. “In a market like this, a perceived miss means you’re gonna have a reaction,” he said in an interview with Barron’s after earnings were released...