By  on November 5, 2010

Fragrance supplier International Flavors & Fragrances Inc. reported Thursday that third-quarter profits increased 45.9 percent to $77 million, or 95 cents a diluted share, compared with earnings of $52.8 million, or 66 cents a share, in the same period a year ago.

Results included a 3 cent per share expense from ongoing restructuring in Europe, bringing adjusted EPS to 98 cents, compared with adjusted EPS of 82 cents in 2009, when restructuring and employee-separation costs resulted in a 16 cent per share expense. Wall Street estimated quarterly EPS at 87 cents, according to Yahoo Finance.

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