Corn Products International, Inc. (CPO) said it expects 2010 earnings per share to be in the range of $2.25 to $2.60 versus the reported 2009 earnings per share of $0.54. Excluding the after tax impact of impairment and restructuring charges taken in 2009, the adjusted 2009 earnings per share was $2.01. The 2010 EPS guidance represents an increase in earnings per share in the range of 12 percent to 29 percent compared to 2009 adjusted earnings per share.
Analysts polled by Thomson Reuters expect the company to report earnings of $2.38 per share. Analysts' estimates typically exclude special items.
Further, the company expects to invest between $175 million and $200 million in capital projects during 2010, compared with $141 million invested in 2009.
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