Intl Flavors & Fragrances Q1 2024 Adj EPS $1.13 Beats $0.87 Estimate, Sales $2.9B Beat $2.780B Estimate
Portfolio Pulse from Benzinga Newsdesk
Intl Flavors & Fragrances (IFF) reported Q1 2024 adjusted EPS of $1.13, surpassing the $0.87 estimate, with sales of $2.9B also beating the $2.780B estimate. However, this represents a 4.20% decrease in sales compared to the same period last year.
May 06, 2024 | 8:16 pm
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POSITIVE IMPACT
Intl Flavors & Fragrances exceeded Q1 2024 earnings and sales forecasts, with an EPS of $1.13 against an $0.87 estimate and sales of $2.9B vs. a $2.780B estimate, though sales dropped 4.20% from the previous year.
Beating both earnings and sales estimates significantly positively impacts investor sentiment and stock price in the short term. However, the year-over-year decrease in sales might temper some of the positive momentum, indicating a mixed but overall positive short-term outlook.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100