Profits at fragrance producer Inter Parfums Inc. advanced slightly during the second quarter but beat Wall Street analysts’ estimates.
Net income for the three months rose 0.6 percent to $3.8 million from $3.7 million in the same period a year ago. Earnings per diluted share came in at 12 cents, unchanged from last year, exceeding analysts’ expectations of 10 cents a share.
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"