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NEW YORK (AP) — NEW YORK (AP) — International Flavors & Fragrances Inc. (IFF) on Tuesday reported a loss of $2.61 billion in its fourth quarter.
On a per-share basis, the New York-based company said it had a loss of $10.21. Earnings, adjusted for non-recurring costs, came to 72 cents per share.
The results missed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 75 cents per share.
The ingredients producer for food, cosmetics and consumer products industries posted revenue of $2.7 billion in the period, which also missed Street forecasts. Five analysts surveyed by Zacks expected $2.72 billion.
For the year, the company reported a loss of $2.57 billion, or $10.05 per share. Revenue was reported as $11.48 billion.
International Flavors expects full-year revenue in the range of $10.8 billion to $11.1 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on IFF at https://www.zacks.com/ap/IFF