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Inter Parfums profit misses consensus by 26.0% in Q2

Inter Parfums Inc. said its normalized net income for the second quarter amounted to 13 cents per share, compared with the S&P Capital IQ consensus estimate of 18 cents per share.

EPS declined 39.2% year over year from 21 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $4.0 million, a decrease of 39.2% from $6.6 million in the year-earlier period.

The normalized profit margin fell to 4.0% from 5.6% in the year-earlier period.

Total revenue declined 13.7% year over year to $102.0 million from $118.2 million, and total operating expenses decreased 11.0% on an annual basis to $93.8 million from $105.3 million.

Reported net income fell 29.9% from the prior-year period to $4.4 million, or 14 cents per share, from $6.2 million, or 20 cents per share.