U.S. Markets closed

Ingredion: 2Q Earnings Snapshot

WESTCHESTER, Ill. (AP) _ Ingredion Inc. (INGR) on Thursday reported second-quarter earnings of $114 million.

The Westchester, Illinois-based company said it had net income of $1.57 per share. Earnings, adjusted for restructuring costs and pretax expenses, came to $1.66 per share.

The food sweetener, starch and nutritional ingredient company posted revenue of $1.5 billion in the period.

Ingredion expects full-year earnings in the range of $7.50 to $7.80 per share.

Ingredion shares have fallen 30 percent since the beginning of the year. The stock has declined 20 percent 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