Corn Products International (NYSE:CPO) Earnings Rise

Corn Products International (NYSE:CPO) enjoyed a solid first quarter as all markets the company serves were up.

Sales were up 12 percent while the North American market increased revenue from $531 million last year during the same quarter to $541 million this quarter, a gain of 2 percent.

Profits in the quarter grew from $16.8 million, or 22 cents a share last year, to $43.4 million, or 57 cents a share the first quarter.

Currency exchange rates helped the company offset price/product drops of 13 percent.