Shares of IFF (NYSE:IFF) released its third-quarter financial results yesterday. Earnings per share (EPS) came in at $0.89, exceeding the Street expectations of $0.75. Despite an 8% year-over-year decline, revenue amounted to $2.82 billion, which was still ahead of the consensus estimate of $2.77 billion.
The company has reaffirmed its guidance for the full year of 2023, anticipating revenues to fall within the $11.3 billion to $11.6 billion range, in line with Street forecasts of $11.4 billion.