NEW YORK (AP) — NEW YORK (AP) — International Flavors & Fragrances Inc. (IFF) on Tuesday reported a loss of $1.02 billion in its first quarter.
The New York-based company said it had a loss of $3.98 per share. Earnings, adjusted for asset impairment costs and amortization costs, were $1.20 per share.
The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.12 per share.
The ingredients producer for food, cosmetics and consumer products industries posted revenue of $2.84 billion in the period, which also topped Street forecasts. Five analysts surveyed by Zacks expected $2.83 billion.
International Flavors expects full-year revenue in the range of $10.6 billion to $10.9 billion.
_____
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
Copyright © 2025 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.
