Luxury jewelry retailer, Tiffany & Co. (NYSE: TIF) reported on Tuesday that fiscal second quarter earnings rose 16%, aided by strong sales growth in Asia Pacific and improved margin. The Company also raised its full-year earnings guidance. Tiffany now expects earnings to be in the range of $3.50 to $3.60 a share up from its previous guidance of $3.43 to $3.53 a share. For the period ended July 31, the Company posted a profit of $106.8 million or 83 cents a share compared to a net income of $91.8 million or 72 cents a share, in the year earlier quarter. Same-store-sales grew 5% (excluding the impact of currency fluctuation). Sales rose 4.4% to $925.9 million.
Tag: TIF
Major Movers on July 15; POWI, LEAP, RVLT, NAV, TIF, QLGC, and ARUN
Shares of Power Integrations Inc. (NASDAQ: POWI) rallied about 8.90% by midday trade. The San Jose CA based Company, which manufacturers integrated-circuits used in energy-efficient power converters, upwardly revised fiscal second quarter revenue guidance on Monday.
Continue reading Major Movers on July 15; POWI, LEAP, RVLT, NAV, TIF, QLGC, and ARUN
Tiffany Shares Gain After Stifel Nicoluas Upgrade (TIF)
Luxury jewelry retailer, Tiffany & Co. (NYSE: TIF) was upgraded by analysts at Stifel Nicoluas to “buy” from “hold” on Monday. The firm has set a price target of $92.00 on the stock, which implies an upside potential of 19.45%.
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Major Movers on May 28; TIF, EXC, VRX, FE, TRLA, TSLA
Shares of Tiffany & Co. (NYSE: TIF) climbed about 4% by afternoon trade on Tuesday after the luxury jewelry maker reported better-than-expected fiscal first quarter results, led by strong growth in international markets. For the fiscal first quarter ended April 30, the Company reported adjusted earnings of $89 million or 70 cents a share. Sales during the period rose 9.3% to $895.5 million (excluding the impact of foreign exchange fluctuation, sales jumped 13%).
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Major Movers on March 22; NKE, TIBX, MU, TECD, MDLZ, TIF
Shares of Nike Inc. (NYSE: NKE) rallied by afternoon trade after the sports apparel and footwear maker reported better-than-expected fiscal third quarter results, late last evening.
Continue reading Major Movers on March 22; NKE, TIBX, MU, TECD, MDLZ, TIF
Tiffany’s Q4 Results Beat Estimates, Outlook Upbeat (TIF)
Shares of Tiffany & Co. (NYSE: TIF) edged up on Friday after the high-end Jewelry maker reported better-than-expected results thanks to robust revenue growth in Asia.
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Major Movers on January 10; LNKD, ARO, SVU, TIF, VOXX
Shares of professional networking company LinkedIn Corporation (NYSE: LNDK) edged up on Thursday after the company said that it touched 200 million members mark with users spread across 200 countries and territories and services being offered in 19 different languages.
Continue reading Major Movers on January 10; LNKD, ARO, SVU, TIF, VOXX
Tiffany & Co. Shares Gain as Company Reaches New 20-Year Deal with Elsa Peretti (TIF)
Shares of Tiffany & Co. (NYSE: TIF), a specialty retailer, have opened higher in trading today after the company signed a new 20-year licensing deal with designer Elsa Peretti. The deal ends uncertainty over a collection that accounts for 10% of TIF’s worldwide sales.
Major Losers on November 29; LQDT, AAP, TIF
Shares of Liquidity Services Inc. (NASDAQ: LQDT), an auction marketplace for surplus and salvage assets, are sinking in trading today. At last check, LQDT shares were trading 17.49% lower at $36.08 on above average volume of 3.33 million. The stock fell to an intra-day low of $35.56 in trading today.
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Tiffany’s Q1 Earnings Disappoint Wall Street, Shares Slump (TIF)
High end jeweler, Tiffany & Co. (NYSE: TIF) reported lackluster fiscal first-quarter results on Thursday.
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