Investing.com - IFF reported on Monday second quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
IFF announced earnings per share of $1.36 on revenue of $1.20B. Analysts polled by Investing.com anticipated EPS of $1.28 on revenue of $1.23B.
IFF shares are up 1% from the beginning of the year and are trading at $130.62 , down-from-52-week-high.They are under-performing the S&P 500 which is up 4.03% from the start of the year.
IFF follows other major Consumer/Non-Cyclical sector earnings this month
IFF's report follows an earnings beat by Procter&Gamble on Thursday, July 30, 2020, who reported EPS of $1.16 on revenue of $17.7B, compared to forecasts EPS of $1.01 on revenue of $16.95B.
Coca-Cola had beat expectations on Tuesday, July 21, 2020 with second quarter EPS of $0.42 on revenue of $7.2B, compared to forecast for EPS of $0.4 on revenue of $7.21B.
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