Investing.com - IFF reported on Monday third quarter earnings that missed analysts' forecasts and revenue that topped expectations.
IFF announced earnings per share of $1.06 on revenue of $1.3B. Analysts polled by Investing.com anticipated EPS of $1.46 on revenue of $1.28B.
IFF shares are down 12% from the beginning of the year and are trading at $109.10 , down-from-52-week-high.They are under-performing the S&P 500 which is up 9.9% from the start of the year.
IFF shares lost 2.92% in after-hours trade the report.
IFF follows other major Basic Materials sector earnings this month
IFF's report follows an earnings beat by Sherwin-Williams on October 27, who reported EPS of $8.29 on revenue of $5.12B, compared to forecasts EPS of $7.79 on revenue of $5.07B.
Vale ADR had missed expectations on October 28 with third quarter EPS of $0.57 on revenue of $10.76B, compared to forecast for EPS of $0.69 on revenue of $10.81B.
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