Inter Parfums Inc. (IPAR), Monday provided earnings outlook for fiscal 2010, which came above the Street consensus.
For 2010, the company expects net income attributable to Inter Parfums of about $23.5 million or $0.78 per share, and net sales of $440 million. Analysts polled by Thomson Reuters expected the company to report earnings of $0.85 per share on revenue of $425.82 million for the year. Analysts' estimates typically exclude special items.
The company noted that the launch of this cosmetics line will require a significant investment in the first year, and is expected to affect 2010 net income attributable to Inter Parfums by about $1.5 million or $0.05 per share.
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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.