Ingredion (INGR) reported Q3 adjusted earnings Tuesday of $2.75 per diluted share, down from $3.05 a year earlier.

Analysts polled by FactSet expected $2.88.

Net sales for the quarter ended Sept. 30 were $1.82 billion, down from $1.87 billion a year earlier.

Analysts surveyed by FactSet expected $1.89 billion.

For 2025, the company lowered its guidance for adjusted EPS to a range of $11.10 to $11.30, down from its previous outlook for $11.10 to $11.60.

Analysts polled by FactSet expect $11.34.

Ingredion expects 2025 sales to be flat to down by a low single-digit, versus previous guidance of flat.

Shares of the company were down 3.6% in recent premarket activity.