Investing.com - IFF reported on Wednesday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
IFF announced earnings per share of $1.32 on revenue of $1.27B. Analysts polled by Investing.com anticipated EPS of $1.19 on revenue of $1.26B.
IFF shares are up 24% from the beginning of the year, still down 5.26% from its 52 week high of $143.09 set on May 12, 2020. They are outperforming the S&P 500 which is up 4.09% 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 January 20, who reported EPS of $1.64 on revenue of $19.75B, compared to forecasts EPS of $1.51 on revenue of $19.27B.
Coca-Cola had beat expectations on Wednesday with fourth quarter EPS of $0.47 on revenue of $8.64B, compared to forecast for EPS of $0.4178 on revenue of $8.61B.
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