Tiffany's (TIF) Q2 Results Seen as 'Mixed Bag' at Deutsche Bank
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Cowen Cuts Price Target on Tiffany & Co. (TIF) on Macro and F/X Uncertainty
August 27, 2015 4:17 PM EDTCowen maintained an Outperform rating on Tiffany & Co. (NYSE: TIF), and cut the price target to $97.00 (from $103.00), on macro and F/X uncertainty. 2Q C/C comps were solid at +7%, however, analyst Oliver Chen is cautious for 2H given weaker F/X, global uncertainty & wealth effect risk in China/US.
Chen commented, "2Q... More
Tiffany earnings fall as high costs, strong dollar bite
August 27, 2015 7:08 AM EDTBy Yashaswini Swamynathan
(Reuters) - Tiffany & Co (NYSE: TIF) posted a 15 percent drop in quarterly earnings due to a strong dollar and the cost of developing and bringing out new products, sending shares of the luxury jeweler to an 18-month low.
The company, known for its pale blue boxes and iconic Tiffany Diamond, also forecast a surprise 2-5 percent decline in earnings for the year ending January.
Tiffany's shares fell as much as 4.2 percent.
Though still a byword for luxury jewelry, Tiffany has been slow to... More
Tiffany & Co. (TIF) Misses Q2 EPS by 5c
August 27, 2015 7:02 AM EDTTiffany & Co. (NYSE: TIF) reported Q2 EPS of $0.86, $0.05 worse than the analyst estimate of $0.91. Revenue for the quarter came in at $991 billion versus the consensus estimate of $1.01 billion.
Comps increased 7 percent, versus estimates of 3.5 percent.
For the year ending January 31, 2016,... More
