International Flavors & Fragrance shares slump

Business | 7 Aug 2019 11:28 am

International Flavors & Fragrance tumbled by 15.9 percent after the company trimmed its forecast following a disappointing earnings report on Monday.

Take-Two Interactive Software jumped by 8 percent on a surge in sales of “Grand Theft Auto” and other popular video games.

The company, which also makes the “Red Dead Redemption” games, beat Wall Street’s fiscal first quarter profit forecasts and gave investors a surprisingly good sales forecast for the current quarter.-AP

 

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