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Inter Parfums: 1Q Earnings Snapshot

NEW YORK (AP) _ Inter Parfums Inc. (IPAR) on Monday reported first-quarter profit of $18.9 million.

On a per-share basis, the New York-based company said it had profit of 60 cents.

The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 57 cents per share.

The perfume maker posted revenue of $178.2 million in the period, which met Street forecasts.

Inter Parfums expects full-year earnings to be $1.88 per share, with revenue expected to be $712 million.

Inter Parfums shares have climbed 11% since the beginning of the year. In the final minutes of trading on Monday, shares hit $72.86, an increase of 44% in the last 12 months.


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