Published on 21 Feb 2024 on Zacks via Yahoo Finance
International Flavors (IFF) Q4 Earnings Lag Estimates, Dip Y/Y
International Flavors & Fragrances Inc. IFF reported adjusted earnings of 72 cents per share in the fourth-quarter 2023, missing the Zacks Consensus Estimate of 75 cents. The bottom line declined 13% from the year-ago quarter.Including one-time items, the company reported a loss of $10.21 per share compared with the prior-year quarter’s loss of 10 cents.International Flavors’ net sales were $2.70 billion in the December-end quarter, down 5% from the year-ago quarter. The top line missed the Zacks Consensus Estimate of $2.72 billion. In the quarter, currency-neutral sales were up 1%, aided by growth in the Scent, and Health & Biosciences segments.
International Flavors & Fragrances Inc. Price, Consensus and EPS Surprise