Inter Parfums, Inc. Reports 2016 Second Quarter Results
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Piper Jaffray Raises Price Target on Inter Parfums (IPAR) Following 2Q Results and Guidance
August 11, 2016 7:46 AM EDTPiper Jaffray reiterated a Neutral rating on Inter Parfums (NASDAQ: IPAR), and raised the price target to $33.00 (from $29.00), following the company's 2Q earnings report. For 2H sales are expected to grow 8-9% y/y, weighted more heavily toward Q3, traditionally the largest quarter. Adjusted FY16 EPS guidance of... More
Inter Parfums (IPAR) Tops Q2 EPS by 1c
August 9, 2016 4:22 PM EDTInter Parfums (NASDAQ: IPAR) reported Q2 EPS of $0.19, $0.01 better than the analyst estimate of $0.18. Revenue for the quarter came in at $117.2 million versus the consensus estimate of $116.16 million.
2016 Guidance Affirmed
Mr. Greenberg concluded by saying, We continue to expect 2016 net sales to be in... More
