Inter Parfums, Inc. Reports 2015 First Quarter Results
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Go back to Inter Parfums, Inc. Reports 2015 First Quarter Results
May 12, 2015 6:47 AM EDT
Piper Jaffray analyst Stephanie Wissink lifted her price target on Inter Parfums (NASDAQ: IPAR) to $32.00 (from $23.00) following Q1 results but stopped short of upgrading the stock and maintained a Neutral rating.
Wissink commented, "We are maintaining our Neutral rating on... More
May 11, 2015 4:12 PM EDT
Inter Parfums (NASDAQ: IPAR) reported Q1 EPS of $0.32, $0.04 better than the analyst estimate of $0.28. Revenue for the quarter came in at $109.2 million versus the consensus estimate of $109.6 million.
Inter Parfums sees FY2015 EPS of $0.98-$1.00, versus the consensus of $1.00.
Jean Madar, Chairman & CEO of Inter Parfums, Inc. noted, As we reported last month, the comparable quarterly decline in sales by our European-based operations was primarily due to two factors. One was the nearly 20% depreciation of the euro versus the dollar, which concealed meaningful gains by two of our largest brands, Montblanc... More
