Tiffany & Co. (TIF) Releases Earnings Results, Misses Expectations By $-0.04 EPS

Tiffany & Co. (TIF) reported quarterly earnings results on Wednesday, May-25-2016. The company reported $0.64 earnings per share for the quarter, missing the analyst consensus estimate by $-0.04. Analysts had a consensus of $0.68. The company posted revenue of $891.30 million in the period, compared to analysts expectations of $914.97 million. The company’s revenue was down -7.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.81 EPS.

Many Wall Street Analysts have commented on Tiffany & Co.. Company shares were Reiterated by RBC Capital Mkts on Apr 13, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 72 from a previous price target of $66 .Company shares were Reiterated by Telsey Advisory Group on Mar 21, 2016 to “Outperform”, Firm has raised the Price Target to $ 83 from a previous price target of $80 .Shares were Reiterated by Topeka Capital Markets on Mar 18, 2016 to “Buy” and Lowered the Price Target to $ 89 from a previous price target of $92 .

Tiffany & Co. opened for trading at $63.48 and hit $64.88 on the upside on Friday, eventually ending the session at $64.67, with a gain of 2.20% or 1.39 points. The heightened volatility saw the trading volume jump to 31,61,737 shares. Company has a market cap of $8,147,385 M.

In a different news, on May 23, 2016, Leigh M. Harlan (SENIOR VICE PRESIDENT) sold 70 shares at $63.94 per share price. According to the SEC, on Apr 6, 2016, Michael Joseph Kowalski (director) sold 154,750 shares at $72.96 per share price. On Apr 6, 2016, Andrew W. Hart (SENIOR VICE PRESIDENT) sold 1,930 shares at $71.77 per share price, according to the Form-4 filing with the securities and exchange commission.

Tiffany & Co. is a holding company. The Company operates through its subsidiary companies. The Company’s principal product category is jewelry. The Company also sells timepieces leather goods sterling silver goods (other than jewelry) china crystal stationery fragrances and accessories. Its brands include TIFFANY and TIFFANY & CO. as well as the TIFFANY BLUE BOX. Its segments include Americas Asia-Pacific Japan Europe and Other. It operates e-commerce enabled Websites in 13 countries as well as informational Websites in various additional countries.

Tiffany & Co.

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