21.02.2024 16:37:56 - dpa-AFX: International Flavors & Fragrances Shares Slide On Wider Q4 Loss
WASHINGTON (dpa-AFX) - International Flavors & Fragrances Inc. (IFF) shares
are declining more than 9 percent on Wednesday morning trade after reporting a
wider loss on reduced revenues for the fourth quarter.
The quarterly loss was $2.61 billion or $10.21 per share, compared to $25
million or $0.10 per share last year.
Net sales were $2.703 billion, down 5 percent from the $2.844 billion a year
ago.
Currently, shares are at $74.75, down 8.70 percent from the previous close of
$82.03 on a volume of 2,418,503.
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