Inter Parfums Q1 2024 GAAP EPS $1.27 Misses $1.61 Estimate, Sales $324.000M Miss $328.686M Estimate
Portfolio Pulse from Benzinga Newsdesk
Inter Parfums reported Q1 2024 GAAP EPS of $1.27, missing the $1.61 estimate, with sales of $324M also missing the $328.686M estimate. This represents a 3.94% increase in sales compared to the same period last year.
May 07, 2024 | 8:20 pm
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NEGATIVE IMPACT
Inter Parfums missed Q1 2024 earnings and sales estimates, with a slight increase in sales compared to last year.
Missing both EPS and sales estimates can negatively impact investor sentiment and stock price in the short term. The slight increase in sales year-over-year may not be enough to offset the negative impact of missing estimates.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100