Investing.com - IFF reported on Wednesday fourth quarter earnings that missed analysts' forecasts and revenue that topped expectations.
IFF announced earnings per share of $0.55 on revenue of $3B. Analysts polled by Investing.com anticipated EPS of $1.03 on revenue of $2.94B.
IFF shares are down 4% from the beginning of the year, still down 15.58% from its 52 week high of $157.08 set on August 11, 2021. They are broadly in line with the S&P 500 which is down 3.77% from the start of the year.
IFF shares gained 1.81% in after-hours trade following the report.
IFF follows other major Materials sector earnings this month
IFF's report follows an earnings missed by Sherwin-Williams on January 14, who reported EPS of $1.35 on revenue of $4.76B, compared to forecasts EPS of $1.68 on revenue of $4.76B.
Freeport-McMoran had missed expectations on January 26 with fourth quarter EPS of $0.96 on revenue of $6.16B, compared to forecast for EPS of $0.9703 on revenue of $6.44B.
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