Fragrance manufacturer Inter Parfums, Inc. (IPAR: Quote) reported a 24 percent increase in first-quarter net sales to about $165.4 million from $133.4 million a year ago.
On average, 4 analysts polled by Thomson Reuters expected revenues of $153.83 million for the quarter.
Sales by the company's European based operations increased 19 percent to $145.2 million from $121.6 million last year, while sales by the U.S. based operations increased 71 percent to $20.2 million from $11.8 million a year ago.
The company noted that it plans to issue results for the first quarter on or about May 9.
Click here to receive FREE breaking news email alerts for Inter Parfums Inc. and others in your portfolio
by RTT Staff Writer
For comments and feedback: email@example.com