Company Raises Full-Year EPS Guidance Despite Current Challenges
Ingredion (INGR) delivered earnings and revenue surprises of 0% and 3.59%, respectively, for the quarter ended March 2024. Do the numbers hold clues to what lies ahead for the stock?
First quarter 2024 reported and adjusted EPS* were $3.23 and $2.08, an increase of 13% and decrease of 26%, respectivelyCompleted sale of South Korea business, another step in reshaping the portfolio and redeploying assetsRaising guidance for full-year reported EPS to be in the range of $10.35 to $11.00 and adjusted EPS to be in the range of $9.20 to $9.85For the second quarter 2024, the Company expects operating income to be up low to mid-single-digits WESTCHESTER, Ill., May 08, 2024 (GLOBE NEW