Whirlpool 2016 earnings outlook unchanged, first quarter earnings lower than expected

Whirlpool Corp. shares fell in light pre-market trade on Tuesday after the company posted a lower-than-expected first-quarter net profit but kept its previous 2016 earnings per share outlook. Whirlpool shares fell more than 5 percent after it said cost and capacity reductions were offset by soft demand in emerging markets and unfavorable currency exchange rates. Ongoing business earnings per share exclude special items such as restructuring charges or other one-time fees that do not reflect the