Ingredion Q2 2024 Adj EPS $2.87 Beats $2.49 Estimate, Sales $1.88B Miss $1.98B Estimate
Portfolio Pulse from Benzinga Newsdesk
Ingredion (NYSE: INGR) reported Q2 2024 adjusted EPS of $2.87, beating the estimate of $2.49. However, sales were $1.88 billion, missing the $1.98 billion estimate and showing a 9.23% decrease from the same period last year.
August 06, 2024 | 10:06 am
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NEUTRAL IMPACT
Ingredion's Q2 2024 adjusted EPS of $2.87 beat estimates by 15.26%, but sales of $1.88 billion missed estimates by 5.14% and decreased 9.23% YoY.
While the EPS beat is positive, the sales miss and YoY decline could offset the positive sentiment, leading to a neutral short-term impact on the stock price.
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