05:09 PM EDT, 04/29/2024 (MT Newswires) -- CVR Energy ( CVI ) reported Q1 adjusted earnings Monday of $0.04 per share, down from $1.44 a year earlier.

Analysts polled by Capital IQ expected $0.17.

Net sales for the quarter ended March 31 were $1.86 billion, down from $2.29 billion a year earlier. Analysts surveyed by Capital IQ expected $1.96 billion.

Shares of the company fell more than 3% in recent after-hours activity.

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