Electrolux shares plunge over 13% on disappointing Q3 results and outlook By Investing.com

Electrolux Q3 Performance: Electrolux shares dropped over 13% following a disappointing third-quarter report, with a 27% miss in operating profit primarily due to weak performance in North America, despite better-than-expected results in Europe and Latin America.

Outlook and Challenges: The company downgraded its outlook for external factors affecting margins and anticipates mixed regional conditions moving forward, with rising costs and pricing pressures posing significant challenges for profitability in 2024.