date:Oct 31, 2013
Ingredion, Inc. lowered its earnings-per-share guidance for 2013 after reporting decreases in income and sales in the third quarter.
Net income of $88.3 million, equal to $1.12 per share on the common stock, in the third quarter compared with $113.9 million, or $1.47 per share, in the previous years third quarter. Net sales in the third quarter dipped to $1,611.7 million from $1,679 million as volume declines and currency devaluations more than offset price/mix improvements.
Westchester-based