Ingredion Inc (INGR) reported quarterly earnings results on Thursday, Apr-28-2016. The company said it had a profit of $1.74 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.35. Analysts had a consensus of $1.39. The company posted revenue of $1360.00 million in the period, compared to analysts expectations of $1340.99 million. The company’s revenue was up 2.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.30 EPS.
Ingredion Inc closed down -0.09 points or -0.08% at $107.18 with 8,56,259 shares getting traded on Wednesday. Post opening the session at $107.19, the shares hit an intraday low of $105.8 and an intraday high of $107.81 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
In a different news, on Feb 9, 2016, Jack C Fortnum (Exec. VP and CFO) sold 8,425 shares at $103.11 per share price. According to the SEC, on Aug 17, 2015, Diane J Frisch (Sr. VP, Human Resources) sold 9,800 shares at $92.92 per share price. On Aug 5, 2015, Matthew R Galvanoni (Vice Pres and Corp Controller) sold 2,200 shares at $89.63 per share price, according to the Form-4 filing with the securities and exchange commission.
Ingredion Incorporated is a manufacturer and supplier of starch and sweetener ingredients to a range of industries including packaged food beverage brewing industrial pharmaceutical and personal care customers. The Company operates in four business segments: North America South America Asia Pacific and EMEA. North America segment consists of operations in the United States Canada and Mexico and produces a range of both sweeteners and starches. South America segment includes 11 plants that produce regular modified waxy and tapioca starches fructose and maltose syrups and syrup solids dextrins and maltodextrins dextrose specialty starches caramel color sorbitol and vegetable adhesives. Asia Pacific segment manufactures corn-based products in South Korea Australia and China and tapioca-based products in Thailand. EMEA segment includes five plants that produce modified and specialty starches glucose and dextrose in England Germany and Pakistan.