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International Flavors And Fragrances Inc Q2 adjusted earnings Beat Estimates

International Flavors And Fragrances Inc (IFF) released a profit for second quarter that decreased from the same period last year.

The company's earnings totaled $28 million, or $0.11 per share. This compares with $87 million, or $0.74 per share, in last year's second quarter.

Excluding items, International Flavors And Fragrances Inc reported adjusted earnings of $383 million or $1.50 per share for the period.

Analysts had expected the company to earn $1.48 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 157.5% to $3.09 billion from $1.20 billion last year.

International Flavors And Fragrances Inc earnings at a glance:

-Earnings (Q2): $383 Mln. vs. $156 Mln. last year.
-EPS (Q2): $1.50 vs. $1.36 last year.
-Analysts Estimate: $1.48
-Revenue (Q2): $3.09 Bln vs. $1.20 Bln last year.

-Guidance:
Full year revenue guidance: $11.4 Bln

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