Inter Parfums Q3 profit beats estimates

Inter Parfums Inc posted higher-than-expected quarterly profit on stronger sales of its Burberry fragrance in Europe.

In October, the fragrance maker had pre-announced its third-quarter sales and raised its full-year revenue outlook for the third time since its initial forecast in November 2010.

The company, however, maintained its earnings outlook citing high level of advertising and promotion spending planned in the fourth quarter.

Inter Parfums, which sells brands including Van Cleef & Arpels, Burberry and Christian Lacroix, expects full-year earnings of $1.05 a share on revenue of $570 millon.

Analysts, on average are expecting full-year earnings of $1.05 a share on revenue of $567.1 million, according to Thomson Reuters I/B/E/S. (Reporting by Chris Jonathan Peters in Bangalore; Editing by Supriya Kurane)