Ingredion Inc (INGR) Releases Earnings Results, Misses Expectations By $-0.12 EPS

Ingredion Inc (INGR) reported quarterly earnings results on Thursday, Jul-28-2016. The company reported $1.53 earnings per share for the quarter, missing the analyst consensus estimate by $-0.12. Analysts had a consensus of $1.65. Analysts expectations of $1449.82 million. During the same quarter in the previous year, the company posted $1.53 EPS.

Ingredion Inc opened for trading at $132.33 and hit $133.81 on the upside on Thursday, eventually ending the session at $133.43, with a gain of 1.35% or 1.78 points. The heightened volatility saw the trading volume jump to 4,37,709 shares. Company has a market cap of $9,605 M.

In a different news, on Jul 8, 2016, James P. Zallie (Ex VP Global Spec & Pres Amer) sold 16,900 shares at $132.00 per share price. According to the SEC, on Jun 10, 2016, Jorgen Kokke (Sr VP & Pres, Asia-Pac & EMEA) sold 10,658 shares at $119.47 per share price. On May 27, 2016, Diane J Frisch (Sr. VP, Human Resources) sold 6,400 shares at $118.99 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.

Ingredion Inc

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