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Ingredion: 4Q Earnings Snapshot

WESTCHESTER, Ill. (AP) _ Ingredion Inc. (INGR) on Tuesday reported fourth-quarter profit of $94 million.

On a per-share basis, the Westchester, Illinois-based company said it had net income of $1.36. Earnings, adjusted for restructuring costs and pretax expenses, were $1.61 per share.

The food sweetener, starch and nutritional ingredient company posted revenue of $1.54 billion in the period. Its adjusted revenue was $1.43 billion.

For the year, the company reported profit of $443 million, or $6.17 per share. Revenue was reported as $5.84 billion.

Ingredion expects full-year earnings in the range of $6.80 to $7.50 per share.

Ingredion shares have increased 6.5 percent since the beginning of the year. The stock has decreased 28 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