Whirlpool Free From Brexit Perils: Keeps Guidance Intact
Zacks Investment Research | Jun 29, 2016 03:28AM ET
The votes cast on Jun 23, favoring the exit of the United Kingdom from the European Union, has provoked all associated with the country to think about the economical consequences. In response to this decision and a sharp plunge in its stock price in the following two trading sessions, Whirlpool Corporation (NYSE:WHR) addressed its investors to ease them of their worries.
The company conveyed that the uncertainties arising from the ‘Brexit’ vote will not have much impact on its business for now. The company also reiterated its earnings guidance for fiscal 2016 to reassure investors.
Following this action, the stock price of this leading home appliances manufacturer made considerable recovery and closed up 4.3% at $161.04.
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