Whirlpool India Shares Plunge After Stake Reduction

Whirlpool Corporation's decision to reduce its stake in Whirlpool India from 51% to approximately 20% by 2025 led to a 20% plunge in Whirlpool India shares. Despite this, Whirlpool aims to maintain its position as the largest shareholder and emphasizes that the Indian subsidiary remains a pivotal part of its portfolio. In its Q4 earnings, Whirlpool reported a GAAP loss of $7.10 per share, significantly missing analyst expectations, but an adjusted EPS of $4.57, which exceeded projections. Revenue for the quarter fell by 18.7% year-over-year, missing estimates, and the company provided soft guidance for 2025, predicting earnings of $10 per share, below analyst expectations. This forecast reflects the end of favorable tax rates and the divestment of its European operations. The company's stock fell 11% in after-hours trading following these announcements.