International Flavors: Q2 Earnings Snapshot
By AP News
Published - Aug 06, 2024, 04:25 PM ET
Last Updated - Aug 06, 2024, 04:25 PM EDT
NEW YORK (AP) — NEW YORK (AP) — International Flavors & Fragrances Inc. (IFF) on Tuesday reported second-quarter earnings of $170 million.
On a per-share basis, the New York-based company said it had net income of 66 cents. Earnings, adjusted for one-time gains and costs, were $1.16 per share.
The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.01 per share.
The ingredients producer for food, cosmetics and consumer products industries posted revenue of $2.89 billion in the period, which also beat Street forecasts. Six analysts surveyed by Zacks expected $2.82 billion.
