09:06 AM EDT, 04/30/2024 (MT Newswires) -- Archer-Daniels-Midland ( ADM ) reported Q1 adjusted net earnings Tuesday of $1.46 per share, down from $2.09 a year earlier.

Analysts polled by Capital IQ expected $1.37.

Revenue for the quarter ended March 31 was $21.85 billion, compared with $24.07 billion a year earlier. Analysts surveyed by Capital IQ expected $22.28 billion.

The company said it continues to expect 2024 adjusted EPS of $5.25 to $6.25. Analysts polled by Capital IQ expect $5.57.

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