International Flavors Q3 Earnings Miss Estimates, Sales Rise Y/Y
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International Flavors & Fragrances (IFF) reported Q3 earnings that missed estimates, but sales increased year-over-year. The company has raised its 2024 sales guidance to $11.3-$11.4 billion, up from the previous $11.1-$11.3 billion range.
November 06, 2024 | 4:15 pm
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International Flavors & Fragrances reported Q3 earnings that missed estimates, but sales increased year-over-year. The company raised its 2024 sales guidance.
While the earnings miss could negatively impact the stock, the increase in sales and raised guidance for 2024 may offset this, leading to a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100