Inter Parfums Inc. said its normalized net income for the fourth quarter was 10 cents per share, compared with the S&P Capital IQ consensus estimate of 7 cents per share.

EPS increased 9.3% year over year from 9 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $3.0 million, a gain of 9.5% from $2.8 million in the prior-year period.

The normalized profit margin rose to 2.6% from 2.2% in the year-earlier period.

Total revenue fell 5.4% year over year to $118.3 million from $125.1 million, and total operating expenses decreased 5.5% year over year to $114.1 million from $120.7 million.

Reported net income decreased 45.2% year over year to $1.9 million, or 6 cents per share, from $3.4 million, or 11 cents per share.

For the year, the company's normalized net income totaled 94 cents per share, compared with the S&P Capital IQ consensus normalized EPS estimate of 99 cents.

EPS rose 6.2% from 89 cents in the prior year.

Normalized net income was $29.3 million, an increase of 6.3% from $27.5 million in the prior year.

Full-year total revenue decreased 6.2% year over year to $468.5 million from $499.3 million, and total operating expenses declined 8.6% year over year to $407.3 million from $445.9 million.

The company said reported net income rose on an annual basis to $30.5 million, or 98 cents per share, in the full year, from $29.5 million, or 95 cents per share.