Tiffany Reports First Quarter Results; Management Maintains Full Year Earnings Outlook
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Sterne Agee CRT Raised Price Target on Tiffany & Co. (TIF) Following Q1 Beat
May 27, 2015 11:26 AM EDTSterne Agee CRT reiterates a Buy rating on Tiffany & Co. (NYSE: TIF), and raised the price target to $95.00 (from $91.00), following Q1 results.TIF reported Q1 EPS of $0.81 (well above the Street's $0.70), and Global comps came in -1% (much better than the Street's -5%... More
Cowen Calls Tiffany & Co. (TIF) Q1 'Solid'
May 27, 2015 8:28 AM EDTCowen analyst Oliver Chen offered some quick thoughts on Tiffany & Co. (NYSE: TIF) following what they called a "solid quater."
Chen commented, "TIF Offsets Adverse Luxury Trends. Most encouraged on solid comps w/ America +1% C/C vs. Street -3% (despite lower foreign tourist... More
Tiffany & Co. (TIF) Tops Q1 EPS by 11c
May 27, 2015 7:03 AM EDTTiffany & Co. (NYSE: TIF) reported Q1 EPS of $0.81, $0.11 better than the analyst estimate of $0.70. Revenue for the quarter came in at $962 million versus the consensus estimate of $924.3 million.
Net sales highlights by region were as follows:
In the Americas, on a constant-exchange-rate basis total sales rose 3% and comparable store sales were 1% above the prior year. This reflected higher sales to U.S. customers offset by lower foreign tourist spending in the U.S. which management attributes to the... More