Inter Parfums: 2Q Earnings Snapshot

Associated Press
Updated ·1 min read

NEW YORK (AP) _ Inter Parfums Inc. (IPAR) on Monday reported a second-quarter loss of $3.1 million, after reporting a profit in the same period a year earlier.

On a per-share basis, the New York-based company said it had a loss of 10 cents.

The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 16 cents per share.

The perfume maker posted revenue of $49.5 million in the period, matching Street forecasts.

Inter Parfums shares have fallen 38% since the beginning of the year. In the final minutes of trading on Monday, shares hit $45.33, a drop of 34% 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