Inter Parfums Q4 Results Top Estimates

(RTTNews) - Inter Parfums, Inc. (IPAR) reported net income for the fourth quarter of $3.3 million or $0.11 per share, compared to a net loss of $4.2 million or $0.13 per share for the year-ago quarter.

Net sales for the fourth quarter rose 18.6% to $125.1 million from $105.5 million a year ago.

Analysts polled by Thomson Reuters expected the company to earn $0.09 per share on revenue of $122.23 million for the fourth quarter.

Looking forward, the company lowered its full year net sales guidance to about $470 million from its prior guidance of about $500 million, but raised its annula earnings guidance to a range of $0.98 to $1.00 per share from its previous guidance of $0.95 to $0.98 per share.

Analysts currently expect the company to earn $1.00 per share on revenue of $494.23 million for the full year 2015.