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Inter Parfums Q1 profit climbs 13.1% YOY

Inter Parfums Inc. said its first-quarter normalized net income was 30 cents per share, compared with the S&P Capital IQ consensus estimate of 28 cents per share.

EPS climbed 13.1% year over year from 26 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $9.3 million, a gain of 13.1% from $8.2 million in the year-earlier period.

The normalized profit margin climbed to 8.5% from 6.7% in the year-earlier period.

Total revenue decreased 10.3% on an annual basis to $109.2 million from $121.7 million, and total operating expenses decreased 15.5% from the prior-year period to $88.2 million from $104.3 million.

Reported net income grew 10.4% on an annual basis to $9.9 million, or 32 cents per share, from $9.0 million, or 29 cents per share.