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International Flavors: 4Q Earnings Snapshot

NEW YORK (AP) _ International Flavors & Fragrances Inc. (IFF) on Wednesday reported fourth-quarter net income of $13 million, after reporting a loss in the same period a year earlier.

The New York-based company said it had net income of 9 cents per share. Earnings, adjusted for costs related to mergers and acquisitions and amortization costs, were $1.22 per share.

The ingredients producer for food, cosmetics and consumer products industries posted revenue of $1.22 billion in the period, which did not meet Street forecasts. Three analysts surveyed by Zacks expected $1.23 billion.

For the year, the company reported profit of $337.3 million, or $3.79 per share. Revenue was reported as $3.98 billion.

International Flavors expects full-year earnings in the range of $6.30 to $6.50 per share, with revenue in the range of $5.2 billion to $5.3 billion.

International Flavors shares have risen roughly 8 percent since the beginning of the year, while the Standard & Poor's 500 index has climbed roughly 10 percent. In the final minutes of trading on Wednesday, shares hit $144.83, an increase of 1 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on IFF at https://www.zacks.com/ap/IFF