UPDATE 1-Inter Parfums Q4 sales tops view, FY outlook below mkt

* Q4 sales $113.6 mln vs est $104.96 mln

* Sees 2009 EPS $0.74 vs est $0.75

* Sees 2010 EPS $0.78 vs est $0.81

* Doubles quarterly dividend to $0.065/shr

Jan 26 (BestGrowthStock) – Fragrance maker Inter Parfums Inc
(IPAR.O: ) said its fourth-quarter sales exceeded its
expectations and doubled its quarterly dividend, but forecast
profits for 2009 and 2010 below market expectations.

The company, which reported fourth quarter sales of $113.6
million beating analysts expectations of $105 million, said
comparable fourth-quarter sales were off slightly from the
fourth quarter of 2008.

Inter Parfums, whose brands include Van Cleef & Arpels,
Burberry and Christian Lacroix, sees 2009 profit of 74 cents a
share, while analysts on average were looking for a profit of
75 cents a share, before items.

New York-based New Inter Parfums sees 2010 profit of 78
cents a share, below analysts expectations of 81 cents a share.

The company said its fourth-quarter sales were helped by
new product launches and foreign currency (Read more about trading foreign currency. exchange rates.

It said it expects to release fourth-quarter results on or
about March 10.

Shares of the company closed at $12.45 Tuesday on Nasdaq.

Investment Advice

(Reporting by Vidya Lakshmi in Bangalore; Editing by Gopakumar
Warrier)

UPDATE 1-Inter Parfums Q4 sales tops view, FY outlook below mkt