Investing.com - IFF reported on Monday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
IFF announced earnings per share of $1.47 on revenue of $3.07B. Analysts polled by Investing.com anticipated EPS of $1.37 on revenue of $3.02B.
IFF shares are up 35% from the beginning of the year, still down 6.08% from its 52 week high of $157.08 set on August 11. They are outperforming the S&P 500 which is up 25.18% from the start of the year.
IFF follows other major Consumer/Non-Cyclical sector earnings this month
IFF's report follows an earnings beat by Procter&Gamble on October 19, who reported EPS of $1.61 on revenue of $20.34B, compared to forecasts EPS of $1.59 on revenue of $19.83B.
Coca-Cola had beat expectations on October 27 with third quarter EPS of $0.65 on revenue of $10.04B, compared to forecast for EPS of $0.5785 on revenue of $9.77B.
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