Intl Flavors & Fragrances shares are trading lower after the company reported worse-than-expected Q2 results and a reduced FY23 outlook.
Portfolio Pulse from Benzinga Newsdesk
Intl Flavors & Fragrances (IFF) reported disappointing Q2 results and lowered its FY23 outlook, leading to a drop in its share price.
August 08, 2023 | 9:11 am
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NEGATIVE IMPACT
IFF's worse-than-expected Q2 results and reduced FY23 outlook have negatively impacted its stock price.
IFF's Q2 results were below market expectations, and the company also reduced its FY23 outlook. These factors are likely to have a negative impact on investor sentiment, leading to a decrease in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100