Investing.com - IFF reported on Monday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
IFF announced earnings per share of $1.69 on revenue of $3.23B. Analysts polled by Investing.com anticipated EPS of $1.35 on revenue of $3.1B.
IFF shares are down 26% from the beginning of the year, still down 23.74% from its 52 week high of $157.08 set on August 11, 2021. They are under-performing the S&P 500 which is down 16.26% from the start of the year.
IFF shares lost 0.25% in after-hours trade following the report.
IFF follows other major Materials sector earnings this month
IFF's report follows an earnings beat by Sherwin-Williams on April 26, who reported EPS of $1.61 on revenue of $5B, compared to forecasts EPS of $1.54 on revenue of $4.91B.
Vale ADR had beat expectations on April 27 with first quarter EPS of $0.93 on revenue of $10.81B, compared to forecast for EPS of $0.838 on revenue of $11.66B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar