UPDATE 1-International Flavors Q3 profit off 9 pct
Published: 04 Nov 2009 04:32:28 PST* EPS ex-items of 82 cts beats Wall St view of 72 cts
* Revenue off 1 pct to $613 million
NEW YORK, Nov 4 - International Flavors and Fragrances Inc reported a 9 percent drop in third-quarter profit on Wednesday and said sales would grow in the fourth quarter.
Net income fell to $53 million, or 66 cents per share, from $58 million, or 73 cents per share, a year earlier.
Excluding one-time items, earnings per share for the quarter were 82 cents, beating the 72 cents per share that analysts had on average forecast, according to Thomson Reuters I/B/E/S.
Revenue fell 1 percent to $613 million but topped the $597 million analysts had expected.
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