Inter Parfums Lifts 2013 Guidance; Issues Preliminary 2014 Guidance

(RTTNews) - Inter Parfums Inc. (IPAR) announced the company now expects its fiscal 2013 net sales to be approximately $540 million resulting in net income attributable to Inter Parfums of approximately $1.18 per share. The company's prior forecast for net sales was $525 million resulting in net income attributable to Inter Parfums of $1.14 per share.

Analysts polled by Thomson Reuters expect the company to report fiscal 2013 profit per share of $1.23 on revenue of $538.57 million. Analysts' estmiates typically exclude special items.

Inter Parfums also announced preliminary 2014 guidance which calls for net sales of approximately $475 million. The company expects 2014 net income attributable to Inter Parfums of approximately $0.90 to $0.95 per share. Analysts expect the company to report fiscal 2014 profit per share of $1.11 on revenue of $487.96 million.