Intl Flavors & Fragrances Q3 Adj $0.89 Beats $0.75 Estimate, Sales $2.82B Beat $2.77B Estimate
Portfolio Pulse from Benzinga Newsdesk
Intl Flavors & Fragrances (IFF) reported Q3 earnings of $0.89 per share, beating the analyst consensus estimate of $0.75 by 18.67%. However, this is a 34.56% decrease from the same period last year. The company also reported quarterly sales of $2.82 billion, beating the estimate of $2.77 billion by 1.81%, but this is a 7.93% decrease from the same period last year.
November 06, 2023 | 9:20 pm
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NEUTRAL IMPACT
IFF's Q3 earnings and sales beat estimates but are down from the same period last year.
While IFF beat Q3 estimates, the year-on-year decreases in earnings and sales may offset any positive impact from beating estimates. The market reaction could be mixed.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100