Inter Parfums, Inc. (IPAR) reported a 20 percent rise in second-quarter net sales to $145.6 million from $121.1 million in the year-ago quarter.
On average, 4 analysts polled by Thomson Reuters expected the company to report revenues of $138.06 million for the quarter.
Sales by the company's European based operations increased 18 percent to $125.6 million from $106.5 million last year, while sales by the U.S. based operations increased 37 percent to $20.0 million from $14.6 million a year ago.
Looking ahead, the company has increased its 2012 sales guidance to $632 million and guidance for net income attributable to Inter Parfums, Inc. to about $35.9 million or $1.17 per share, compared to the previously forecasted sales of about $625.0 million with resulting net income of about $35.7 million or $1.16 per share for 2012.
Analysts currently expect the company to earn $1.19 per share on revenue of $639.21 million for the full year 2012.
The company noted that it plans to issue results for the second quarter on or about August 8.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.