Tiffany & Co. (TIF) Tops Q2 EPS by 12c; adj.-Comps Fell by More than Expected
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Go back to Tiffany & Co. (TIF) Tops Q2 EPS by 12c; adj.-Comps Fell by More than Expected
August 25, 2016 6:40 AM EDT
NEW YORK--(BUSINESS WIRE)--
Tiffany & Co. (NYSE: TIF) reported its financial results for the three
months (second quarter) and six months (first half) ended July 31,
2016. Worldwide net sales were below the prior year in both periods,
which management attributed to declines in sales to both local customers
and foreign tourists in most regions. Net earnings as reported in the
second quarter were above the prior year (but declined when compared
with adjusted net earnings in the equivalent prior-year period - see
Non-GAAP Measures) and declined in the first half. In both periods,
earnings benefited from... More
