NEW YORK (AP) — NEW YORK (AP) — Inter Parfums Inc. (IPAR) on Monday reported first-quarter profit of $54.1 million.
The New York-based company said it had profit of $1.68 per share.
The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.39 per share.
The perfume maker posted revenue of $311.7 million in the period, which missed Street forecasts. Four analysts surveyed by Zacks expected $312 million.
Inter Parfums expects full-year earnings to be $4.25 per share, with revenue expected to be $1.25 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on IPAR at https://www.zacks.com/ap/IPAR
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