Form 8-K Ingredion Inc For: Jul 30

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Go back to Form 8-K Ingredion Inc For: Jul 30

Ingredion (INGR) Misses Q2 EPS by 5c, Sales Beat; FY EPS Narrowed, Enters Accelerated Share Repurchase Plan

July 30, 2014 8:48 AM EDT

Ingredion (NYSE: INGR) reported Q2 EPS of $1.35, $0.05 worse than the analyst estimate of $1.40. Revenue for the quarter came in at $1.57 billion versus the consensus estimate of $1.45 billion.

Ingredion narrowed FY2014 EPS to $5.40-$5.70, versus the consensus of $5.52.

The Company has entered into an Accelerated Share Repurchase (ASR) agreement with JPMorgan Chase Bank, National Association (JPMorgan). Under the terms of the ASR, Ingredion has agreed to repurchase $300 million of its common... More