Inter Parfums: Q4 Earnings Insights
Portfolio Pulse from Benzinga Insights
Inter Parfums (NASDAQ:IPAR) reported Q4 earnings with an EPS of $0.32, missing the estimated $0.38 by -16.0%. Revenue increased by $17.95 million from the same period last year. Despite beating EPS estimates in Q3 2023, the Q4 miss contrasts with its past performance.
February 27, 2024 | 9:40 pm
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Inter Parfums reported a Q4 EPS of $0.32, missing estimates by -16.0%, with a revenue increase of $17.95 million YOY. This performance contrasts with previous quarters where it exceeded EPS estimates.
The missed earnings estimate for Q4 is likely to negatively impact investor sentiment in the short term, especially considering the company's history of beating estimates in previous quarters. This contrast in performance could lead to a decrease in stock price as investors adjust their expectations.
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