Inter Parfums 3Q Sales Falls 5 Pct
NEW YORK (AP) ¿ Perfume maker Inter Parfums Inc. said Thursday its third-quarter sales fell 5 percent to $117.5 million from $123.5 million a year earlier, and it expects to update its 2009 profit expectation.
Its shares rose more than 5 percent.
Excluding the effect of foreign exchange rates, sales fell 3 percent in the third quarter.
The company makes perfumes for brands such as Burberry, Van Cleef & Arpels and Paul Smith as well as personal care products for Gap, Banana Republic, Brooks Brothers and bebe.
The company plans to report full third-quarter results on Nov. 9. Inter Parfums management believes its 2009 profit guidance is conservative given the third quarter's results and plans to update it when it reports the full results. Its current estimate is for 70 per share in profit, excluding the effect of foreign exchange translation. Analysts surveyed by Thomson Reuters expect 72 cents per share. Inter Parfums shares rose 65 cents, or 5.2 percent, to $13.09 in afternoon trading.Select the service that is right for you!
COMPARE ALL SERVICESAction Alerts PLUS
TRY IT FREEJim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
Product Features:
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
TheStreet Quant Ratings
TRY IT FREENew! $49.95/yr
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
Product Features:
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Stocks Under $10
TRY IT FREEDavid Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.
Product Features:
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
- Weekly roundups
Dividend Stock Advisor
TRY IT FREEJim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
Product Features:
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
TRY IT FREEAll of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
Product Features:
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Options Profits
TRY IT FREEOur options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
Product Features:
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV
