FRANKFURT, April 16 (Reuters) - Sporting goods company Adidas on Tuesday raised its 2024 earnings guidance after a better than expected performance during the first quarter.

In an unscheduled announcement, the company said it now expects full-year operating profit of about 700 million euros ($743.96 million), up from 500 million euros predicted previously. ($1 = 0.9409 euros) (Reporting by Ludwig Burger Editing by David Goodman )