WESTCHESTER, Ill. (AP) _ Ingredion Inc. (INGR) on Thursday reported first-quarter earnings of $100 million.
The Westchester, Illinois-based company said it had net income of $1.48 per share. Earnings, adjusted for restructuring costs and costs related to mergers and acquisitions, came to $1.54 per share.
The food sweetener, starch and nutritional ingredient company posted revenue of $1.54 billion in the period. Its adjusted revenue was $1.42 billion.
Ingredion expects full-year earnings in the range of $6.80 to $7.20 per share.
Ingredion shares have climbed 1% since the beginning of the year. The stock has declined 24% in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on INGR at https://www.zacks.com/ap/INGR