Ingredion Incorporated (INGR) reported a profit for fourth quarter that decreased from last year but beat the Street estimates.
The company's earnings came in at $95 million, or $1.43 per share. This compares with $131 million, or $1.97 per share, last year.
Excluding items, Ingredion Incorporated reported adjusted earnings of $176 million or $2.63 per share for the period.
Analysts on average had expected the company to earn $2.56 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period fell 6.3% to $1.800 billion from $1.921 billion last year.
Ingredion Incorporated earnings at a glance (GAAP) :
-Earnings: $95 Mln. vs. $131 Mln. last year.
-EPS: $1.43 vs. $1.97 last year.
-Revenue: $1.800 Bln vs. $1.921 Bln last year.
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