Inter Parfums (IPAR) Tops Q3 EPS by 18c

Inter Parfums (NASDAQ: IPAR) reported Q3 EPS of $0.52, $0.18 better than the analyst estimate of $0.34. Revenue for the quarter came in at $160.6 million versus the consensus estimate of $160.6 million.

Guidance:

Mr. Greenberg concluded, “As we reported last month, we raised our 2020 net sales guidance to between $495 million and $500 million resulting in net income attributable to Inter Parfums, Inc. per diluted share in the range of $0.80 and $0.84. Guidance assumes that the average dollar/euro exchange rate remains at current levels. In addition, we will issue our initial 2021 guidance after the market closes on Tuesday, December 1, 2020.”

For earnings history and earnings-related data on Inter Parfums (IPAR) click here.

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