Tiffany Reports Third Quarter Results:
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Go back to Tiffany Reports Third Quarter Results:
November 29, 2018 8:30 AM EST
Cowen analyst Oliver Chen lowered the price target on Tiffany & Co. (NYSE: TIF) to $115.00 (from $150.00) while maintaining a Outperform rating.
Chen commented, "We are confident that TIF is making the right changes in product, stores & marketing faster than ever before. However, Chinese... More
November 29, 2018 7:10 AM EST
RBC Capital analyst Brian Tunick lowered the price target on Tiffany & Co. (NYSE: TIF) to $105.00 (from $132.00) while maintaining a Sector Perform rating.
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November 28, 2018 6:42 AM EST
Tiffany & Co. (NYSE: TIF) reported Q3 EPS of $0.77, in-line with the analyst estimate of $0.77. Revenue for the quarter came in at $1 billion versus the consensus estimate of $1.05 billion.
Management attributed sales growth in the third quarter to higher spending by local customers in all regions, partly offset by lower spending attributed to foreign tourists, primarily Chinese, in certain regions.
On a constant-exchange-rate basis that excludes the effect of translating foreign-currency-denominated sales into U.S. dollars (see Non-GAAP Measures),... More
