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Investing

Tiffany, When Good Earnings Get Panned (TIF)

Photo of Jon C. Ogg
By Jon C. Ogg Published

Tiffany & Co. (NYSE: TIF) reported earnings of $0.70 as revenues rose 21% to $821.8 million.  The Thomson Reuters consensus estimates were EPS of $0.61 on revenue of $802.1 million, compared with EPS of $0.46 on revenue of $681.7 million in the same period a year ago.

Tiffany now sees earnings of $3.70 to $3.89 per share for the year versus its prior guidance of $3.65 to $3.75 EPS.  We had the annual estimate at $3.72 EPS.

Investors wanted more.  Shares are down almost 7% at $68.48 in early trading.

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Photo of Jon C. Ogg
About the Author Jon C. Ogg →

Jon Ogg has been a financial news analyst since 1997. Mr. Ogg set up one of the first audio squawk box services for traders called TTN, which he sold in 2003. He has previously worked as a licensed broker to some of the top U.S. and E.U. financial institutions, managed capital, and has raised private capital at the seed and venture stage. He has lived in Copenhagen, Denmark, as well as New York and Chicago, and he now lives in Houston, Texas. Jon received a Bachelor of Business Administration in finance at University of Houston in 1992. www.247wallst.com.

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