(Corrects headline and body to reflect FY2015 expectations, not 3rd quarter results. Also changes “devaluation” to “depreciation” in second paragraph)
Oct 23 (Reuters) - Whirlpool Corp executives said on Friday that an unfavorable currency exchange rate was expected to negatively affected the company’s overall full year 2015 sales.
Speaking during a conference call with analysts, CEO Jeff Fettig said rapid currency depreciation in international markets including Brazil, Canada, Russia and the European Union was expected to absorb about $2.5 billion dollars in sales in 2015.
The company also said declining demand in Brazil, China, Russia and Ukraine was expected to absorb about $900 million in sales in the same year.
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)