Inter Parfums Q1 Sales $324.00M Miss $335.05M Estimate
Portfolio Pulse from Benzinga Newsdesk
Inter Parfums reported Q1 sales of $324.00M, missing the analyst consensus estimate of $335.05M by 3.30%, but marking a 3.94% increase over the same period last year.
April 24, 2024 | 8:56 pm
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NEUTRAL IMPACT
Inter Parfums missed Q1 sales estimates but showed a year-over-year increase.
Missing sales estimates could negatively impact investor sentiment in the short term, but the year-over-year sales growth may mitigate this effect. The mixed results lead to a neutral short-term price direction expectation.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100