Tiffany tops Street 3Q forecasts
Tiffany & Co. (TIF) on Tuesday reported fiscal third-quarter net income of $95.1 million.
On a per-share basis, the New York-based company said it had profit of 76 cents.
The results topped Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of 67 cents per share.
The luxury jeweler posted revenue of $949.3 million in the period, which also topped Street forecasts. Six analysts surveyed by Zacks expected $923.2 million.
Tiffany shares have increased slightly more than 2 percent since the beginning of the year, while the Standard & Poor's 500 index has increased roughly 8 percent. The stock has declined 2 percent in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TIF at https://www.zacks.com/ap/TIF
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