Tiffany: Q3 Earnings Insights
Shares of Tiffany (NYSE:TIF) rose 0.2% in pre-market trading after the company reported Q3 results.
Quarterly Results
Earnings per share increased 70.77% year over year to $1.11, which beat the estimate of $0.66.
Revenue of $1,008,000,000 decreased by 0.69% from the same period last year, which beat the estimate of $980,710,000.
Looking Ahead
Earnings guidance hasn't been issued by the company for now.
Revenue guidance hasn't been issued by the company for now.
Technicals
Company's 52-week high was at $134.42
Company's 52-week low was at $103.89
Price action over last quarter: Up 6.13%
Company Overview
Tiffany is a monobrand jeweler with a 180-year history. It is vertically integrated, with around 60% of jewellery produced internally. Tiffany is present in over 20 countries globally, with over 300 own stores. Its biggest market is its home market, the U.S.; however, Europe and Asia-Pacific have shown the strongest growth in recent years. Engagement jewellery contributes 26% of sales, the remainder being designer jewellery and other collections.
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