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Inter Parfums: 3Q Earnings Snapshot

·1 min read

NEW YORK (AP) _ Inter Parfums Inc. (IPAR) on Monday reported third-quarter net income of $16.5 million.

On a per-share basis, the New York-based company said it had net income of 52 cents.

The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 41 cents per share.

The perfume maker posted revenue of $160.6 million in the period, meeting Street forecasts.

Inter Parfums expects full-year earnings in the range of 80 cents to 84 cents per share, with revenue in the range of $495 million to $500 million.

Inter Parfums shares have dropped 27% since the beginning of the year. In the final minutes of trading on Monday, shares hit $53.38, a decline of 31% in the last 12 months.

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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