Inter Parfums Q4 Sales Top Street Estimate

Inter Parfums, a maker of fragrances, reported late Monday Q4 net sales of $134.8 million, up from $118.3 million in the prior year period. The Street consensus called for revenues of $127 million.

The company expects net income to come in at the top end of its guidance range of $1.05 to $1.10 per share excluding the impact of the previously reported tax settlement, and at the top end of the $1.01 and $1.06 per share inclusive of the tax settlement. The Street consensus called for net profit of $1.10 per share.

For 2017, the company expects net income to range from $1.20 to $1.24 per share on net sales of $550 million to $560 million. The Street consensus called for net profit of $1.25 per share on sales of $558.3 million.

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