date:May 04, 2014
Ingredion has reported that its first quarter 2014 reported EPS fell 32% to $0.96 from $1.41 in the first quarter 2013. The company said that it maintains full year earnings per share guidance of $5.35 to $5.75 in spite of higher-than-expected weather-related costs and increased anticipated negative impact from foreign exchange rates, and that it continues to expect operating income to increase in all four regions for the full year.
As we expected and communicated in our outlook, the first quar