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Inter Parfums Beats the Street’s Earnings Estimates

But sales slip in third quarter.

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By: TOM BRANNA

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Inter Parfums Inc. reported after the market closed Monday that profit rose in the third quarter, helped by trimmed expenses and a foreign currency gain. The company said it earned $7.3 million, or 24 cents per share for the quarter, up from $6.2 million, or 20 cents per share earned in the same quarter last year. Earnings were helped by a pretax foreign currency gain of $900,000 million for hedging activities. Sales d...

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