Ingredion lowers earnings-per-share guidance as headwinds keep blowing
date:Oct 31, 2013
y devaluation (5c). The third quarter of 2012 included restructuring/impairment charges, which had a negative impact of 7c per share.

Third-quarter operating income of $137 was down 19% primarily due to a $28 million decline in operating income in South America. In South America, third-quarter operating income fell to $19 million from $28 million. Third-quarter net sales in South America dropped 11% to $323 million from $363 million largely due to currency devaluations in Brazil, which had a $2
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08/02 19:51