Ingredion (INGR) reported Q1 adjusted earnings Tuesday of $2.97 per diluted share, up from $2.08 a year earlier.

Analysts polled by FactSet expected $2.41.

Revenue for the quarter ended March 31 was $1.81 billion, down from $1.88 billion a year earlier.

Four analysts surveyed by FactSet expected $1.85 billion.

The company raised its 2025 adjusted EPS guidance to a range of $10.90 to $11.60, up from $10.75 to $11.55 previously.

Analysts surveyed by FactSet expect $10.99.

Shares of the company were up more than 3% in recent Tuesday premarket activity.