UPDATE: Corn Products Reports Strong Rise In Q3 Earnings

Corn Products International Inc (NYSE: CPO) reported a strong rise in its third-quarter earnings.

Corn Products reported its quarterly profit at $87.7 million, or $1.12 per share, up from $36.9 million, or $0.48 per share, in the year-ago period. Excluding certain items, the company's earnings came in at $1.20 per share. Its net sales surged 58% to $1.71 billion. However, analysts were expecting earnings of $1.09 per share on revenue of $1.57 billion.

CPO shares closed at $45.35 yesterday.