IFF reported on Monday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
IFF announced earnings per share of $1.62 on revenue of $1.35B. Analysts polled by anticipated EPS of $1.59 on revenue of $1.31B. That with comparison to EPS of $1.57 on revenue of $1.3B in the same period a year before. IFF had reported EPS of $1.46 on revenue of $1.28B in the previous quarter. Analysts are expecting EPS of $1.57 and revenue of $1.3B in the upcoming quarter.
IFF shares are up 2% from the beginning of the year , still down 13.29% from its 52 week high of $152.95 set on June 7, 2019. They are outperforming the S&P 500 which is down 9.69% year to date.
IFF shares gained 0.46% in after-hours trade following the report.
IFF follows other major Consumer/Non-Cyclical sector earnings this month
IFF's report follows an earnings beat by Procter&Gamble on April 17, who reported EPS of $1.17 on revenue of $17.21B, compared to forecasts EPS of $1.13 on revenue of $17.31B.
Coca-Cola had beat expectations on April 21 with first quarter EPS of $0.51 on revenue of $8.6B, compared to forecast for EPS of $0.44 on revenue of $8.3B.
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