Tiffany’s Earnings

From TheStreet.com:

Overseas Demand Adds Luster to Tiffany
Tiffany’s first-quarter profit beat Wall Street’s expectation as strong sales in overseas markets overshadowed a soft performance at its U.S. stores.
The jeweler earned $43.1 million, or 30 cents a share, in the quarter, compared with $40.1 million, or 27 cents a share, a year earlier. Analysts had forecast earnings of 28 cents a share for the latest quarter, according to Thomson First Call.

It’s always worth tracking the earnings of a company like Tiffany’s. The reason is that the company’s business moves in two gears–very fast or nothing at all. That’s the life of being a high-end retailer.
Even though the company had a good earnings report, the share are down over 20% since last November.

Posted by Eddy Elfenbein on May 31st, 2006 at 12:59 pm

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