Inter Parfums Earnings, Sales Increase in Q1; Affirms FY2021 Net Sales Guidance
05:02 PM EDT, 05/10/2021 (MT Newswires) -- Inter Parfums (IPAR) reported Q1 earnings per share of $0.87, up from $0.32 per share a year ago.
Analysts polled by Capital IQ had expected GAAP earnings of $0.62 per share.
Net sales rose to $198.5 million from $144.8 million a year earlier. Analysts surveyed by Capital IQ had projected revenue of $159.7 million.
The company affirmed its 2021 guidance calling for net sales of $700 million, resulting in diluted net income per share of $1.65. That compares with market projections of $711.1 million and GAAP $1.70 per share, as per data compiled by capital IQ.
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