We recently maintained a Neutral recommendation on New York-based, International Flavors & Fragrances Inc. (NYSE:IFF), a creator and manufacturer of fragrance and flavor products. Operations are carried out in the United States and internationally.
The main causes that kept us on the sidelines were the company’s first quarter 2012 results. Net earnings, which plummeted 3 cents year over year to $1.00 per share; however, were in line with the Zacks Consensus Estimate.
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