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Whirlpool posts higher profit but reduces forecast

An employee works on a Whirlpool washing machine at the company's operations plant in Clyde, Ohio.
Daniel Acker | Bloomberg | Getty Images
An employee works on a Whirlpool washing machine at the company's operations plant in Clyde, Ohio.

Whirlpool on Tuesday posted a higher quarterly profit, lifted by increased sales of its washers and dryers, cooktops, stoves, and refrigerators in North America and Europe.

But the world's largest maker of home appliances lowered its full-year profit outlook, citing costs from its acquisitions of Indesit Co. and Hefei Rongshida Sanyo Electric.

Whirlpool said it expected to report full-year net earnings per diluted share of $9.40 to $9.90, down from a previous forecast range of $10.30 to $10.80.

The Benton Harbor, Michigan-based company posted a third-quarter profit of $230 million, or $2.88 a share, up from $196 million, or $2.42 a share, a year earlier.

Sales rose 2 percent to $4.8 billion.