Ingredion: 2Q Earnings Snapshot
Aug. 02, 2018
WESTCHESTER, Ill. (AP) _ Ingredion Inc. (INGR) on Thursday reported second-quarter earnings of $114 million.
The Westchester, Illinois-based company said it had net income of $1.57 per share. Earnings, adjusted for restructuring costs and pretax expenses, came to $1.66 per share.
The food sweetener, starch and nutritional ingredient company posted revenue of $1.5 billion in the period.
Ingredion expects full-year earnings in the range of $7.50 to $7.80 per share.
Ingredion shares have fallen 30 percent since the beginning of the year. The stock has declined 20 percent in the last 12 months.