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International Flavors & Fragrances(IFF Quote) posted net income that beat Street expectations for the fourth quarter, thanks to overseas demand and strong pricing.
Net income at the New York-based company was $49 million, or 62 cents a share, from $47.2 million, or 58 cents a share, a year earlier.
The four analysts polled by Thomson Reuters were expecting EPS of 47 cents. Sales were negatively impacted by currency rates and dropping 3% to $539.1 million from $553.5 million. ...
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