Tiffany & Co. (TIF) PT Range Raised at Wells Fargo Following Solid Q3 But Remains 'Underperform'
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Tiffany Sees Modest Improvement in Third Quarter Results: Management Maintains Its Full Year Earnings Outlook
November 29, 2016 6:40 AM ESTNEW YORK--(BUSINESS WIRE)-- Tiffany & Co. (NYSE: TIF) reported that worldwide net sales increased 1% in the three months (third quarter) ended October 31, 2016, reflecting mixed results across geographic regions and product categories. Net earnings increased 5% in the third quarter and earnings per diluted share rose 9%.
In the third quarter:
Worldwide net sales rose 1% to $949 million and comparable store sales declined 2%. A modest increase in fashion jewelry sales was offset by softness in other product categories. On a constant-exchange-rate basis that excludes the effect of translating... More