Tiffany & Co. (TIF) PT Lowered to $102 at Cowen as Stocks Trade down Following 1Q
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Tiffany Reports First Quarter Results
May 24, 2017 6:35 AM EDTNEW YORK--(BUSINESS WIRE)-- Tiffany & Co. (NYSE: TIF) today reported its financial results for the three months (first quarter) ended April 30, 2017. An increase in net earnings per diluted share primarily reflected a higher operating margin. Management is maintaining its earnings guidance for the year.
In the first quarter:
Worldwide net sales rose 1% to $900 million due to growth in Asia-Pacific and an increase in the wholesale sale of diamonds, and comparable store sales were 3% below the prior year. On a constant-exchange-rate basis that excludes the effect of translating... More