Corn Products International, Inc. (CPO) reported net income attributable to CPI of $53 million, or $0.70 per share, for the third quarter of 2009, compared to $88.1 million or $1.15 per share for the same period last year.
On average, 6 analysts polled by Thomson Reuters expected the company to report earnings of $0.63 per share. Analysts' estimates typically exclude special items.
Net sales declined to $970.6 million from $1.08 billion in the year ago quarter. Three analysts estimated revenues of $983.27 million.
The company said it is narrowing its full-year 2009 earnings guidance to a range between $1.80 - $2.00 per share, excluding the after tax impact of impairment and restructuring charges of $1.47 per share taken in the second quarter of 2009, versus the previous range of $1.70 to $2.10.
Analysts expect the company to earn $1.90 per share.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.