Whirlpool Corp. WHR, the largest home-appliances manufacturer in the world, released its first-quarter 2016 results, wherein earnings from ongoing business of $2.63 per share jumped 22.9% from $2.14 a share earned in the year-ago quarter but fell short of the Zacks Consensus Estimate of $2.71.Following the results, Whirlpool reiterated its full year 2016 earnings guidance, projecting GAAP earnings in the range of $11.25 – $12.00 per share, while earnings from ongoing business is envisioned in a band of $14.00 – $14.75 per share.Earnings Estimate Revision: The Zacks Consensus Estimate for 2016 has been trending upwards over the last 7 days. Further, if we look at Whirlpool’s performance in the trailing four quarters (including the quarter under review), the company has an average positive surprise of 2.61%.Revenues: Whirlpool’s net sales declined 4.7% year over year to $4,616 million and missed the Zacks Consensus Estimate of $4,662 million. On a currency-neutral basis, sales soared about 1%. Key Events: The company continued its shareholder friendly moves by authorizing $1 billion of share repurchase program and increasing dividend by 11%.Zacks Rank: Currently, Whirlpool carries a Zacks Rank #2 (Buy) which is subject to change following the just released earnings results.Check back later for our full write up on Whirlpool’s earnings report!Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report WHIRLPOOL CORP (WHR): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research