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The world's largest maker of home appliances
posted a second-quarter profit of $179 million, or $2.25 a
share, down from $198 million, or $2.44 a share, a year earlier.
Whirlpool, which sells its washers and dryers, stoves, and
refrigerators under a variety of brand names including
Whirlpool, Maytag, KitchenAid and Jenn-Air, said it had sold
$4.7 billion in goods during the quarter, unchanged from a year
earlier.
The Benton Harbor, Michigan-based company said sales gains in
North America were offset by weakness in the rest of the world,
including Latin America, Europe and Asia.
Whirlpool said it now expected to report full-year net earnings
of $10.30 to $10.80 a share, down from a previous forecast range
of $11.50 to $12.00.
The company said the outlook cut reflected costs associated with
its pending acquisitions of majority stakes in Hefei Rongshida
Sanyo Electric Co Ltd and Indesit.
(Reporting by James B. Kelleher in Chicago; Editing by Lisa Von
Ahn)
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