International Flavors And Fragrances Inc (IFF) announced earnings for third quarter that Decreased from the same period last year but beat the Street estimates.
The company's earnings totaled $40 million, or $0.16 per share. This compares with $58 million, or $0.23 per share, last year.
Excluding items, International Flavors And Fragrances Inc reported adjusted earnings of $159 million or $1.05 per share for the period.
Analysts on average had expected the company to earn $0.85 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period fell 7.9% to $2.694 billion from $2.925 billion last year.
International Flavors And Fragrances Inc earnings at a glance (GAAP) :
-Earnings: $40 Mln. vs. $58 Mln. last year.-EPS: $0.16 vs. $0.23 last year.-Revenue: $2.694 Bln vs. $2.925 Bln last year.
-Guidance:Full year revenue guidance: $10.6 Bln-$10.9 Bln
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