NEW YORK (AP) — NEW YORK (AP) — Inter Parfums Inc. (IPAR) on Tuesday reported first-quarter net income of $41 million.
The New York-based company said it had net income of $1.27 per share.
The results fell short of Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.56 per share.
The perfume maker posted revenue of $324 million in the period, which also fell short of Street forecasts. Four analysts surveyed by Zacks expected $331.2 million.
Inter Parfums expects full-year earnings to be $5.15 per share, with revenue expected to be $14.5 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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