Intl Flavors & Fragrances Q2 2024 GAAP EPS $0.66 Beats $0.41 Estimate, Sales $2.889B Beat $2.826B Estimate
Portfolio Pulse from Benzinga Newsdesk
Intl Flavors & Fragrances (NYSE:IFF) reported Q2 2024 GAAP EPS of $0.66, beating the $0.41 estimate by 60.98%. Sales were $2.889 billion, surpassing the $2.826 billion estimate by 2.22%, though down 1.37% from last year's $2.929 billion.
August 06, 2024 | 8:15 pm
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Intl Flavors & Fragrances (NYSE:IFF) reported Q2 2024 GAAP EPS of $0.66, beating the $0.41 estimate by 60.98%. Sales were $2.889 billion, surpassing the $2.826 billion estimate by 2.22%, though down 1.37% from last year's $2.929 billion.
The significant beat on both EPS and sales estimates is likely to positively impact IFF's stock price in the short term. However, the slight year-over-year decline in sales may temper some of the enthusiasm.
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