Ingredion Incorporated (INGR) revealed a profit for its second quarter that Increased from last year and beat the Street estimates.
The company's earnings came in at $196 million, or $2.99 per share. This compares with $148 million, or $2.22 per share, last year.
Excluding items, Ingredion Incorporated reported adjusted earnings of $188 million or $2.87 per share for the period.
Analysts on average had expected the company to earn $2.79 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period fell 2.1% to $1.83 billion from $1.87 billion last year.
Ingredion Incorporated earnings at a glance (GAAP) :
-Earnings: $196 Mln. vs. $148 Mln. last year.-EPS: $2.99 vs. $2.22 last year.-Revenue: $1.83 Bln vs. $1.87 Bln last year.
-Guidance:Full year EPS guidance: $11.10 - $11.60
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