Wells Fargo Comments on Tiffany's (TIF) Q1
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Tiffany & Co. (TIF) Numbers Lifted at Nomura on Strong Q1
May 22, 2014 8:53 AM EDTNomura Securities analyst Robert Drbul raised estimates and his price target on Buy-rated Tiffany & Co. (NYSE: TIF) to $110.00 (from $100.00) following strong Q1 results.
Drbul commented, "Total sales in the quarter increased 13% YoY to $1bn, or 15% in constant currency. Gross margin expanded 200bps to... More
Tiffany & Co. (TIF) Tops Q1 EPS Views; Comps Up 11%; Boosts FY14 Outlook
May 21, 2014 7:00 AM EDT(Updated - May 21, 2014 7:05 AM EDT)
Tiffany & Co. (NYSE: TIF) reported Q1 EPS of $0.97, $0.19 better than the analyst estimate of $0.78. Revenue for the quarter came in at $1.01 billion versus the consensus estimate of $955.05 million.
Comps rose 11 percent, on a constant-exchange-rate basis, versus consensus views looking for a 4.8 percent gain.
Michael J. Kowalski, chairman and chief executive officer, said, This is an excellent and encouraging start to the year. We were pleased with the strong and broad-based sales growth across most regions and product categories and our ability to leverage those improved sales... More
