Ingredion Incorporated Reports Decline In Q1 Bottom Line
(RTTNews) - Ingredion Incorporated (INGR) reported earnings for first quarter that Drops, from last year
The company's bottom line came in at $142 million, or $2.22 per share. This compares with $197 million, or $3.00 per share, last year.
Excluding items, Ingredion Incorporated reported adjusted earnings of $150 million or $2.34 per share for the period.
The company's revenue for the period fell 1.2% to $1.792 billion from $1.813 billion last year.
Ingredion Incorporated earnings at a glance (GAAP) :
-Earnings: $142 Mln. vs. $197 Mln. last year. -EPS: $2.22 vs. $3.00 last year. -Revenue: $1.792 Bln vs. $1.813 Bln last year.
Founded in the late 1990s by Andrew Mariathasan in New York, with the goal of covering Wall Street for a new generation of investors, RTTNews has expanded steadily over the years to become a trusted provider of content for a wide array of subjects across several platforms. RTT's Financial Newswire is relied upon by some of the world's largest financial institutions, including banks, brokerages, trading platforms and financial exchanges.