U.S. Markets closed

International Flavors: 3Q Earnings Snapshot

NEW YORK (AP) _ International Flavors & Fragrances Inc. (IFF) on Monday reported third-quarter net income of $95.7 million.

The New York-based company said it had net income of $1.17 per share. Earnings, adjusted for one-time gains and costs, came to $1.54 per share.

The results matched Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was also for earnings of $1.54 per share.

The ingredients producer for food, cosmetics and consumer products industries posted revenue of $907.5 million in the period, topping Street forecasts. Three analysts surveyed by Zacks expected $891 million.

International Flavors expects full-year earnings in the range of $6.25 to $6.45 per share, with revenue in the range of $3.95 billion to $4.05 billion.

International Flavors shares have decreased slightly more than 4 percent since the beginning of the year, while the Standard & Poor's 500 index has climbed slightly more than 2 percent. In the final minutes of trading on Monday, shares hit $146.03, a decrease of 1.5 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on IFF at https://www.zacks.com/ap/IFF