BUZZ - Whirlpool shares fall due to quarterly earnings missing expectations

October 26 - ** Home appliance manufacturer Whirlpool WHR.N shares fell 9.15% in after-hours trading to $24.03

** WHR’s third-quarter net sales were $3.68 billion, below analysts’ average expectation of $3.92 billion—according to data compiled by LSEG

** Higher interest rates combined with a sluggish housing market and persistent inflation have made consumers more cautious with their spending, together dampening demand for new appliances

** WHR’s adjusted per-share loss was $0.21 in the third quarter, while market expectations were earnings of $0.80 per share

** The company announced a 7% price increase on major home appliances in North America, to take effect in the fourth quarter

** The median target price from 14 brokerages covering the stock is $32—according to data compiled by LSEG

** As of Friday’s close, the stock has fallen 62.3% year-to-date

(To assist non-native English speakers, Reuters automatically translates its reports into several other languages. Because automated translation may contain errors or lack necessary context, Reuters does not guarantee the accuracy of the translated texts, which are provided solely for readers' convenience. Reuters accepts no responsibility for any harm or losses resulting from the use of automatic translation.)