NEW YORK (AP) — NEW YORK (AP) — International Flavors & Fragrances Inc. (IFF) on Tuesday reported second-quarter earnings of $170 million.
On a per-share basis, the New York-based company said it had net income of 66 cents. Earnings, adjusted for one-time gains and costs, were $1.16 per share.
The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.01 per share.
The ingredients producer for food, cosmetics and consumer products industries posted revenue of $2.89 billion in the period, which also beat Street forecasts. Six analysts surveyed by Zacks expected $2.82 billion.
International Flavors expects full-year revenue in the range of $11.1 billion to $11.3 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on IFF at https://www.zacks.com/ap/IFF
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