March 21, 2011 – NEW YORK (Reuters) - Tiffany & Co <TIF.N> reported a larger quarterly profit on Monday as the upscale jeweler's sales worldwide rose 12 percent over the holiday quarter.
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Tiffany estimated worldwide sales would rise 12 percent to 14 percent this year but warned that the disasters affecting Japan would lead to a sales decline of 15 percent there in the current first quarter.
Tiffany's net income from continuing operations rose 31.1 percent to $181.2 million, or $1.41 per share, in the holiday quarter that ended on January 31, from $138.2 million, or $1.09 cents per share, a year earlier.
(Reporting by Phil Wahba, editing by Maureen Bavdek)