Inter Parfums Slips To Loss In Q4; Backs FY14 Outlook - Quick Facts

(RTTNews) - Inter Parfums Inc. (IPAR) Tuesday reported fourth-quarter net loss of $4.2 million or $0.13 per share, compared to net income of $99.6 million or $3.24 per share in the same period last year.

Excluding the after tax net gain on the termination of the Burberry license in 2012, net income attributable to Inter Parfums, Inc. was $6.6 million or $0.21 per diluted share. On average, six analysts polled by Thomson Reuters expected the company to report a loss of $0.17 per share for the quarter. Analysts' estimates typically exclude special items.

Sales dropped to $105.53 million from $176.93 million last year. Analysts expected revenues of $105.50 million.

For the fiscal 2014, the company said it continues to expect net sales of about $495 million for a nearly 15% year-over-year sales improvement by its ongoing brands, resulting in net income attributable to Inter Parfums, Inc. in the range of $0.93 to $0.98 per share. Analysts currently expect full-year earnings of $1.08 per share on revenues of $515.23 million.