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 Thursday, July 28, 2022, 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 Wednesday, July 27, 2022 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