Memphis Daily News Chandler Reports Nashville Ledger
» Subscribe Today!
The Power of Information
Home
The Ledger - EST. 1978 - Nashville Edition
X
Skip Navigation LinksHome > Article
VOL. 35 | NO. 20 | Friday, May 20, 2011




Tiffany 1Q earnings up 25 pct, raises year view

Print | Front Page | Email this story

NEW YORK (AP) — Tiffany says its first-quarter earnings rose 25 percent on worldwide sales growth. It also raised its forecast for the year.

The iconic New York jewelry retailer reported Thursday that its net income rose to $81.1 million, or 63 cents per share, for the three months ended April 30. That's up from $64.4 million, or 50 cents per share, a year earlier.

Analysts polled by FactSet expected earnings of 57 cents a share.

Revenue jumped 20 percent to $761 million. Analysts expected revenue of $702.6 million.

For the full year, Tiffany & Co. expects adjusted net income to rise between 18 and 21 percent to between $3.45 and $3.55 per share. It previously expected $3.35 to $3.45 per share. Analysts expected earnings of $3.31 a share.

Sales are expected to grow by a "mid-teens percentage" worldwide.

Follow us on Facebook, Twitter & RSS:
Sign-Up For Our FREE email edition
Get the news first with our free weekly email
Name
Email  
TNLedger.com Knoxville Editon
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 0 0 0
MORTGAGES 0 0 0
FORECLOSURE NOTICES 0 0 0
BUILDING PERMITS 0 0 0
BANKRUPTCIES 0 0 0
BUSINESS LICENSES 0 0 0
UTILITY CONNECTIONS 0 0 0
MARRIAGE LICENSES 0 0 0