Oct 23 (Reuters) - Whirlpool Corp executives said on Friday that an unfavorable currency exchange rate negatively affected the company’s overall sales in the third quarter.
Speaking during a conference call with analysts, the executives said rapid currency devaluation in international markets including Brazil, Canada, Russia and the European Union absorbed about $2.5 billion dollars in sales.
The company also said declining demand in Brazil, China, Russia and Ukraine absorbed about $900 million in sales.
Shares of the Benton Harbor, Michigan-based home appliance maker fell nearly 8 percent to $146.68 during the conference call. (Reporting By Meredith Davis; Editing by Christian Plumb)