UPDATE 1-International Flavors profit slips, revenue higher
* Q4 adj EPS 63 cents; Street view 62 cents
* Revenue rises 8.6 percent
NEW YORK Feb 9 (Reuters) - International Flavors and Fragrances Inc (IFF.N) said on Tuesday fourth-quarter net income fell 3.1 percent as costs fell and prices for its products rose.
The company makes fragrances and flavors used in a wide range of consumer products, such as cologne and food dyes.
For the quarter, the New York-based company posted net income of $47.4 million, or 59 cents per share, compared with $48.9 million, or 62 cents per share, in the year-ago period.
Excluding one-time items, the company earned 63 cents per share. By that measure, analysts expected 62 cents, according to Thomson Reuters I/B/E/S.
Revenue rose 8.6 percent to $585.6 million. Analysts expected $574.8 million. (Reporting by Ernest Scheyder; editing by John Wallace)
- Merkel says tightening Ukraine-Russian border is key to peace deal |
- Ferguson protest march marks two weeks since police shooting |
- Gaza gunmen execute 'collaborators'; mortar kills Israeli boy |
- U.S. hostage rescuers dropped from night sky: Syria activist
- Islamist militants on rise in Austria: government