Inter Parfums, Inc. (IPAR: Quote) 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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by RTT Staff Writer
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