Updates
** Grain trader ADM's shares ADM.N fall 3.4% to $48.37 in early morning trade
** Company reported Q4 adj. EPS of $1.14/share vs est of $1.15/share - data compiled by LSEG
** ADM raises dividend by 1 cent per share; says targeting cutting between $500 mln and $750 mln in spending over the next 3 to 5 years
** Company says it is looking to lay off 600-700 people in 2025; it had 41,802 employees, according to its 2023 annual report
** Expects adj. EPS for 2025 in the range of $4/share to $4.75/share, midpoint of which is below analysts' expectations of $4.67/share - LSEG
** ADM down ~9.5% YTD