INGR - What's Going On With Ingredion Shares After Q1 Results? | Benzinga
Ingredion Incorporated (NYSE:INGR) reported first-quarter adjusted earnings per share of $2.08, beating the Wall Street view of $2.06. The company reported quarterly sales of $1.882 billion, missing the analyst consensus of $2.011 billion.
Revenues slumped 12% from the year-ago period, driven by both price mix and volume declines, partially offset by foreign exchange impacts.
In a bid to reshape the portfolio and redeploy assets, the company said it completed the sale of South Korean business. The impact of the South Korea divestiture resulted in a ...