Whirlpool 2016 earnings outlook unchanged, first quarter lower than expected

Whirlpool Corp shares fell in early trading on Tuesday after the company posted a lower-than-expected first-quarter net profit but kept its previous 2016 earnings per share outlook. The biggest driver of the weakness appears to be Whirlpool's European business. Whirlpool shares fell about 5.5 percent to $175.71 but are up about 19 percent year-to-date.