From Financial Modeling Prep: 2024-11-06 07:31:00

International Flavors & Fragrances (NYSE:IFF) shares rose 2% pre-market after reporting mixed third-quarter results. Adjusted earnings per share were $1.04, below estimates of $1.07, while revenue hit $2.93 billion, surpassing expectations of $2.83 billion. All segments saw growth, with a 9% increase in currency-neutral sales year-over-year.

CEO Erik Fyrwald credited market recovery and customer focus for the performance. The Health & Biosciences and Scent divisions saw double-digit growth, while Nourish and Pharma Solutions had high single-digit increases. The company raised its full-year 2024 revenue guidance to $11.3-$11.4 billion and anticipates volume growth of 5-6%, up from the prior forecast of 3-5%.



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