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Tiffany Q2 profit drops 6% but beats estimates

Tiffany Q2 profit drops 6% but beats estimates

Tiffany & Co. (NYSE: TIF) reported a 6% drop in earnings for the second quarter due to weak demand from foreign tourists, currency exchange rate pressures, and continuing business disruptions in Hong Kong. The bottom line exceeded analysts’ expectations while the top line missed consensus estimates.

Net income dropped by 6% to $136 million or $1.12 per share. Net sales declined by 3% to $1.05…

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Earnings preview: Tiffany might not shine in Q2

Earnings preview: Tiffany might not shine in Q2

Tiffany & Co. (NYSE: TIF) is scheduled to report second quarter 2019 earnings results on Wednesday, August 28, before the opening bell. The consensus estimate is for earnings of $1.05 per share on revenue of $1.06 billion.

Tiffany has been struggling with declining sales across all its geographical regions. Comparable store sales have also dropped, pulled down by decreases in all its markets.…

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Tiffany Q1 earnings, revenue decline on weak comp sales

Tiffany Q1 earnings, revenue decline on weak comp sales

Jewelry store operator Tiffany & Co. (TIF) Tuesday reported lower sales and earnings for the first quarter of 2019. Sales also missed analysts’ estimates, while earnings beat by a cent.

During the quarter, net sales were down 3% year-over-year to $1 billion, hurt by a 2% drop in comparable store sales. The top-line also came in below the estimates.

Consequently, net profit declined to…

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Earnings preview: What to expect when Tiffany reports Q1 2019 results

Earnings preview: What to expect when Tiffany reports Q1 2019 results

Tiffany & Co. (NYSE: TIF) is scheduled to report first quarter 2019 earnings results on Tuesday, June 4, before market open. Revenue is expected to dip down by 1.3% to $1.02 billion while earnings is estimated to decline over 11% to $1.01 per share. Looking at the past four quarters, Tiffany has topped earnings forecasts three times.

Tiffany is likely to face pressures on its top line…

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Luxury brand Tiffany & Co (TIF) Q4 2018 earnings

Luxury brand Tiffany & Co (TIF) Q4 2018 earnings

Luxury jewelry retailer Tiffany & Co (NYSE: TIF) is expected to post its fourth-quarter 2018 earnings before the opening bell on Friday, March 22.

The Street estimates a 3.6% slump in earnings to $1.61 per share, on revenue estimated at about $1.34 billion.

(This article will be updated LIVE as soon as the company releases earnings results)

  Back in January, the luxury giant was forced to cut…

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Earnings preview: Tiffany could take a beating from holiday slump, high costs in Q4

Earnings preview: Tiffany could take a beating from holiday slump, high costs in Q4

Tiffany & Co. (TIF), a leading manufacturer and retailer of designer jewelry, is scheduled to report the fourth-quarter 2018 results Friday before the market opens. The progressive slowdown in comparable store sales is expected to continue this time too, impacting the bottom-line performance. Wall Street analysts predict a 3.6% decline in earnings to $1.61 per share, while revenues are forecast…

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Chinese tourist spending slump pulls down Tiffany holiday sales

Chinese tourist spending slump pulls down Tiffany holiday sales

US luxury jeweler Tiffany & Co (TIF) cut its yearly profit forecast on Jan. 18 on weaker holiday sales, after spending by Chinese tourists fell unexpectedly on a global level. Tiffany also saw lowering Europe demand.

During the last two months of 2018, worldwide same-store sales fell 2% while net sales slipped 1% — the estimation was that they would increase modestly.

Tiffany Chief Executive…

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Tiffany & Co third-quarter sales inch up, but fails to meet Market estimates

Tiffany & Co third-quarter sales inch up, but fails to meet Market estimates

Before the market opened on Nov. 28, jeweler Tiffany & Co (TIF) posted a 4% rise in worldwide net sales of $1.01 billion, helped by a 2% improvement in comparable sales for the third quarter. The topline narrowly missed market estimate of $1.05 billion.

Net earnings for the period fell 5% to $95 million or $0.77 per diluted share, beating the $0.76 per share estimate.

In the Americas, total net…

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