International Flavors & Fragrances Inc. (IFF) reported fourth quarter net income of $47.45 million or $0.59 per share, compared to $48.96 million or $0.62 per share last year.
Adjusted earnings per share for the fourth quarter increased to $0.63 from $0.50 in the prior year quarter. Adjusted net income was $50.34 million, compared to $39.94 million in the same quarter a year earlier.
On average, 6 analysts polled by Thomson Reuters expected the company to report earnings of $0.62 per share. Analysts' estimates typically exclude special items.
Net sales grew to $585.63 million from $539.1 million in the same quarter a year earlier.
Four analysts estimated revenues of $574.78 million.
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