International Flavors And Fragrances Inc Q3 Profit Increases, But Misses Estimates

(RTTNews) - International Flavors And Fragrances Inc (IFF) reported a profit for its third quarter that increased from the same period last year but missed the Street estimates.

The company's earnings totaled $59 million, or $0.23 per share. This compares with $25 million, or $0.10 per share, in last year's third quarter.

Excluding items, International Flavors And Fragrances Inc reported adjusted earnings of $158 million or $0.62 per share for the period.

Analysts on average had expected the company to earn $1.08 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 3.7% to $2.925 billion from $2.820 billion last year.

International Flavors And Fragrances Inc earnings at a glance (GAAP) :

-Earnings (Q3): $59 Mln. vs. $25 Mln. last year. -EPS (Q3): $0.23 vs. $0.10 last year. -Revenue (Q3): $2.925 Bln vs. $2.820 Bln last year.

-Guidance: Full year revenue guidance: $11.3-$11.4 Bln