Ingredion Incorporated Reports First Quarter 2020 Results
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Ingredion (INGR) Tops Q1 EPS by 7c, Revenues Beat; Withdraws FY20 Guidance
May 5, 2020 7:25 AM EDTIngredion (NYSE: INGR) reported Q1 EPS of $1.59, $0.07 better than the analyst estimate of $1.52. Revenue for the quarter came in at $1.54 billion versus the consensus estimate of $1.48 billion.
First quarter 2020 reported and adjusted EPS* were $1.11 and $1.59, respectively, compared with $1.48 and $1.53, respectively, in the first quarter 2019Due to the uncertainty of the effects of COVID-19, the Company has determined that its previous guidance for full year 2020 EPS, cash flow from operations and net sales outlook is no longer applicableDuring these challenging times, Ingredions operations are considered essential to... More
