Investing.com - IFF reported on Monday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
IFF announced earnings per share of $1.54 on revenue of $3.31B. Analysts polled by Investing.com anticipated EPS of $1.45 on revenue of $3.25B.
IFF shares are down 15% from the beginning of the year and are trading at $127.66 , down-from-52-week-high.They are under-performing the S&P 500 which is down 13.14% from the start of the year.
IFF shares gained 0.02% in after-hours trade the report.
IFF follows other major Materials sector earnings this month
IFF's report follows an earnings matched by Air Liquide ADR on July 28, who reported EPS of $0.5406 on revenue of $7.43B, compared to forecasts EPS of $0.5406 on revenue of $7.32B.
Sherwin-Williams had missed expectations on July 27 with second quarter EPS of $2.41 on revenue of $5.87B, compared to forecast for EPS of $2.77 on revenue of $6.03B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar