Inter Parfums: 3Q Earnings Snapshot
NEW YORK (AP) _ Inter Parfums Inc. (IPAR) on Tuesday reported third-quarter earnings of $20.8 million.
The New York-based company said it had net income of 66 cents per share.
The results fell short of Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 67 cents per share.
The perfume maker posted revenue of $191.2 million in the period.
Inter Parfums expects full-year earnings to be $1.88 to $1.90 per share.
Inter Parfums shares have increased 20% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $78.67, a rise of 29% in the last 12 months.