Inter Parfums Q4 Sales $329.00M Beat $323.83M Estimate
Portfolio Pulse from Benzinga Newsdesk
Inter Parfums reported Q4 sales of $329.00 million, surpassing the analyst consensus estimate of $323.83 million by 1.60% and marking a 5.86% increase from the same period last year.
February 27, 2024 | 9:35 pm
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Inter Parfums reported Q4 sales of $329.00 million, exceeding estimates and showing a 5.86% YOY growth.
Beating sales estimates and showing year-over-year growth are positive indicators for a company's financial health and often lead to positive investor sentiment. This can result in a short-term increase in stock price as the market reacts to the better-than-expected performance.
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