Inter Parfums books strong Q4, raises 2008 guidance
Fragrance manufacturer and marketer Inter Parfums, Inc. (Nasdaq: IPAR) reported after Monday’s close that fourth quarter net income surged 57% and raised 2008 guidance on account of better than expected performance in 2007 and a strong start to 2008. Shares advanced 10.9%, or $1.77, to $18.05 in pre-market trading.
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