Top

New York And Company

November 25, 2009 by USA Post 

Jewelry retailer Tiffany & Co. on Wednesday said its third-quarter profit fell slightly from last year, but still beatanlyst expectations, and the company raised its full-year forecast.
The New York-based company reported third quarter net income of $43.3 million, or 35 cents per share, compared with $43.8 million, or 35 cents per share, in the year-ago period. Excluding items, adjusted profit was 33 cents per share.
Click here for intraday updates on new buys and sells from Dividend.com FREE for 14 days.

Sales fell 3% from last year, to $598.2 million. On average, Wall Streetanlysts expected a much smaller profit of 24 cents per share, on lower revenue of $575.1 million.

Looking ahead, the company boosted its full-year outlook to a range of $1.88 to $1.98 per share, up from prior guidance for $1.65 to $1.75 per share for the year.
Real-Time Quotes
Get Quote
BATS Real-Time Market Data by Xignite

One hour into trading, Tiffany shares were up 4% in nearly double average daily trading volume.

Report to Team

_________________________________________
Please feel free to send if you have any questions regarding this post , you can contact on

usspost@gmail.com

Disclaimer: The views expressed on this site are that of the authors and not necessarily that of U.S.S.POST.

Comments

Comments are closed.

Bottom