Earnings and Losses

Earnings Cheat Sheet: Tiffany Sparkles Ahead of Holidays

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In Brief...

Increased by 26.4% to $.43 per share, or $55.1 million, compared to $.34 per share, or $43.3 million, in the same period a year ago.. Sales in Asia-Pacific increased 24%.Sales in Europe increased 22%.Gross margin was 58.5% in the third quarter, compared with 54.8% last year. Tiffany (TIF) raised its full-year earnings outlook to $2.72 to $2.77 per share from $2.60 to $2.65. With 24% growth in the Asia-Pacific region, TIF is tapping into a high growth market and seeing the results hit its bottom line quickly. On the other hand, with the high demand for precious metals, TIF could see further upside momentum..

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