|Bid||97.75 x 100|
|Ask||98.79 x 100|
|Day's Range||97.37 - 98.50|
|52 Week Range||84.15 - 111.44|
|PE Ratio (TTM)||33.03|
|Forward Dividend & Yield||2.00 (1.95%)|
|1y Target Est||N/A|
Yahoo Finance's Jared Blikre and Alexis Christoforous break down the latest market action after Tiffany & Co. report fourth quarter earnings and revenue that beat Wall Street expectations, but disappoint on same-store comp. sales.
What affected Tiffany stock? On March 16, 2018, Tiffany & Company (TIF) reported better-than-expected fiscal 4Q17 results for the period that ended on January 31, 2018. Tiffany’s sales and EPS (earnings per share) came in ahead of analysts’ expectations and marked an improvement on a YoY (year-over-year) basis.
The jewelry giant says increased investments this year will lay the groundwork for rebounding profitability over the long term.
Tiffany (TIF) fell to the bottom of the S&P 500 on Friday, on its fourth-quarter earnings. Tiffany lost $5.20, or 5.1%, to $97.51, while the S&P 500 gained 9.43 points, or 0.60%, to 1586.05. The jeweler said it earned $1.67 a share on revenue of $1.33 billion, while analysts were looking for earnings of $1.63 a share on revenue of $1.32 billion. Comparable sales rose 3% in the quarter.
The results come as a surprise after Tiffany in January posted strong store sales for the holiday period and raised its full-year profit forecast. Tiffany, which has suffered several quarters of declining sales, has been taking a number of steps to diversify its sources of revenue by introducing cheaper silver jewelry as well as everyday home items to appeal to a wider customer base. Chief Executive Officer Alessandro Bogliolo said the investments were taking a toll on the company's earnings.
Tiffany (TIF) is slumping Thursday, on the heels of its fourth-quarter earnings. For the full year, it expects EPS of between $4.25 and $4.45, compared with the consensus EPS estimate for $4.42. It's a blow for Tiffany, which is down some 5% year-to-date, and underperformed the markets in the past year. However, Jefferies' Randal Konik is keeping the faith: He reiterated a Buy rating and $125 price target on the shares today, writing that Tiffany is taking the necessary steps to position itself for long-term accelerated growth, thanks to new leadership.
Tiffany's (TIF) solid top-line performance in the fiscal fourth quarter can be attributed to robust performance across all product categories.
A largely strong holiday season for Tiffany & Co. was overshadowed by a pessimistic outlook, sending shares down more than 5 percent at the opening bell Friday. Sales at established stores also sowed some ...
Among the companies with shares expected to trade actively in Friday's session are Broadcom, Nike, Johnson & Johnson, Netflix, Adbove Systems and Altice USA.
A pick-up in demand for high-end baubles in the Americas and Asia over the key holiday shopping period helped shake Tiffany out of its sales slump during the fourth quarter, but doubts over whether the ...
Tiffany & Co missed analysts' estimates with quarterly same-store sales numbers on Friday and forecast a full-year profit largely below expectations, as the upscale jeweler invests heavily to turn around ...
Tiffany & Co. (TIF) came out with fourth-quarter fiscal 2017 results, wherein earnings of $1.67 per share surpassed the Zacks Consensus Estimate of $1.63.