Ingredion Q2 EPS $2.32 Misses $2.33 Estimate, Sales $2.07B Miss $2.20B Estimate
Portfolio Pulse from Benzinga Newsdesk
Ingredion (NYSE:INGR) reported Q2 earnings of $2.32 per share, missing the analyst consensus estimate of $2.33 by 0.43 percent. This is a 9.43 percent increase from last year. The company also reported quarterly sales of $2.07 billion, missing the analyst consensus estimate of $2.20 billion by 5.95 percent, but a 1.22 percent increase from last year.
August 08, 2023 | 10:05 am
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NEGATIVE IMPACT
Ingredion's Q2 earnings and sales missed analyst estimates, but showed an increase from the same period last year.
Ingredion's Q2 earnings and sales missed analyst estimates, which could negatively impact investor sentiment and the stock price in the short term. However, the year-over-year increase in earnings and sales could mitigate some of this negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100