UPDATE 1-International Flavors Q3 profit off 9 pct

* EPS ex-items of 82 cts beats Wall St view of 72 cts

* Revenue off 1 pct to $613 million

NEW YORK, Nov 4 (Reuters) - International Flavors and Fragrances Inc (IFF.N: Quote, Profile, Research) 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. (Reporting by Matt Daily and Ernest Scheyder, editing by Gerald E. McCormick)