NEW YORK (AP) — NEW YORK (AP) — Inter Parfums Inc. (IPAR) on Tuesday reported fourth-quarter net income of $16.6 million, after reporting a loss in the same period a year earlier.
The New York-based company said it had net income of 52 cents per share. Earnings, adjusted for asset impairment costs, were 71 cents per share.
The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 34 cents per share.
The perfume maker posted revenue of $310.8 million in the period.
For the year, the company reported profit of $120.9 million, or $3.78 per share. Revenue was reported as $1.09 billion.
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