Tiffany & Co. (TIF) Tops Q2 EPS by 16c
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Tiffany Reports Second Quarter Results:
August 28, 2018 6:40 AM EDTWorldwide Sales Rise 12% and Net Earnings up 26%;
Company Repurchases $266 Million of Stock in the Quarter;
Management Increases Full Year Earnings Outlook
NEW YORK--(BUSINESS WIRE)-- Tiffany & Co. (NYSE: TIF) today reported its financial results for the three months (second quarter) and six months (first half) ended July 31, 2018. Higher earnings in both periods resulted from broad-based growth in worldwide sales, increases in gross margin and lower effective tax rates, partly offset by higher investment spending. These better-than-expected results led management to increase its net earnings outlook for the full year ending... More
