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Wednesday, April 7, 2010 as of 11:14 AM ET

International Flavors & Fragrances

International Flavors & Fragrances ([http://www.nyse.com/about/listed/iff.html IFF]) is a major producer of flavors and fragrances with sales of $2.6 billion in [http://pressreleases.iff.biz/phoenix.zhtml?c=65743&p=irol-newscenterArticle&ID=1527311&highlight= 2010].

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IFF Softens 2011 Outlook; Tops S&P 500 Decliners

Shares of International Flavors & Fragrances topped decliners on the S&P 500 at the open Tuesday, dropping 9% to $55.

98. IFF, a maker of flavors and fragrances for consumer products, reported a third-quarter profit of $1 a share. On average, analysts had forecast $1.04 a share, according to FactSet data. IFF said sales and profit for 2011 would be at the low end of its previous targets. In the recent quarter, the company said its fragrance ingredients were pressured as "price increases to reduce the impact of rising raw materials costs substantially impacted volumes of some lower value-added products." IFF shares are up 4% over the last 12 months and barely up year-to-date.Copyright © 2011 MarketWatch, Inc....

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  1. International Flavors & Fragrances 1Q Profit Soars on Global Demand

    International Flavors & Fragrances (NYSE:IFF) revealed on Tuesday a much stronger-than-expected jump in first-quarter profit, lifted by its expansion in emerging mar...

  2. DuPont Buying Danisco for $5.8B

    U.S. chemicals group DuPont said on Sunday it will buy Danish food ingredients and enzymes firm Danisco for $5.8 billion to boost its position in the fast-growing fo...

  3. New Regulations for Perfumes

    Research Institute for Fragrance Materials' Dr. Ladd Smith on the new rules for perfumes.

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