Whirlpool Sees Sales Growth Slowing

Whirlpool Corp. shares fell 11% after the largest U.S. appliance maker said sales growth would slow in the second half of this year.

The forecast came as the maker of Whirlpool, Kenmore and KitchenAid appliances said second-quarter profit rose 19% to $63 million, or 91 cents a share, compared with $53 million, or 78 cents, a year earlier. Sales rose 5.9% to $2.7 billion.

Shares of Benton Harbor, Mich.-based Whirlpool fell $6.63 to $56.28 on the NYSE.