NEW YORK (AP) _ International Flavors & Fragrances Inc. (IFF) on Wednesday reported fourth-quarter net income of $79.9 million.
The New York-based company said it had net income of $1 per share. Earnings, adjusted for one-time gains and costs, were $1.22 per share.
The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.16 per share.
The ingredients producer for food, cosmetics and consumer products industries posted revenue of $762.6 million in the period.
For the year, the company reported profit of $405 million, or $5.05 per share. Revenue was reported as $3.12 billion.
International Flavors shares have increased 1 percent since the beginning of the year, while the Standard & Poor's 500 index has increased nearly 5 percent. In the final minutes of trading on Wednesday, shares hit $119.16, a rise of 12 percent in the last 12 months.
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
Keywords: International Flavors, Earnings Report