Tiffany & Co. (TIF) PT Range Raised at Wells Fargo Following Solid Q3 But Remains 'Underperform'
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Go back to Tiffany & Co. (TIF) PT Range Raised at Wells Fargo Following Solid Q3 But Remains 'Underperform'
November 29, 2016 9:33 AM EST
Mizuho Securities reiterated a Buy rating and $82.00 price target on Tiffany & Co. (NYSE: TIF) following the company's 3Q earnings report. TIF reported EPS of $0.76, above the Streets estimate of $0.67. Management reiterated prior guidance for MSD% decline in EPS, which implies FY16 EPS of $3.61-3.68,... More
November 29, 2016 6:41 AM EST
Tiffany & Co. (NYSE: TIF) reported Q3 EPS of $0.76, $0.08 better than the analyst estimate of $0.68. Revenue for the quarter came in at $949.3 million versus the consensus estimate of $922.6 million.
Constant currency comps fell 3 percent, versus a drop of 4.1 percent expected by analysts.
Sales Summary:
In the Americas, total sales of $417 million in the third quarter were 2% below the prior year, and sales of $1.25 billion in the year-to-date were 7% below the...
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