Tiffany Jumps on Forecast (TIF)
Jeweler Tiffany & Co. (NYSE: TIF) reported fourth quarter and full year results this morning. For the quarter, EPS missed the consensus estimate of $1.42, coming in at $1.39. Revenues were inline for the quarter at $1.19 billion. Investors had…
Investors had been concerned that weak sales in November and December would carry over to January and into the new fiscal year starting in February. The company put some sparkle in investors’ eyes though when it forecast higher than expected EPS for the next fiscal year. Tiffany forecast earnings of $3.95-$4.05, higher than the consensus estimate of $3.93.
Shares are up nearly 7% at $73.43 in a 52-week range of $56.21-$84.49.
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Paul Ausick has been writing for 247Wallst.com for more than a decade. He has written extensively on investing in the energy, defense, and technology sectors. In a previous life, he wrote technical documentation and managed a marketing communications group in Silicon Valley.
He has a bachelor's degree in English from the University of Chicago and now lives in Montana, where he fishes for trout in the summer and stays inside during the winter.
