Tiffany & Co. (TIF) Releases Earnings Results, Beats Expectations By $0.12 EPS

Tiffany & Co. (TIF) reported quarterly earnings results on Thursday, Aug-25-2016. The company said it had a profit of $0.84 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.12. Analysts had a consensus of $0.72. The company posted revenue of $931.60 million in the period, compared to analysts expectations of $931.37 million. The company’s revenue was down -5.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.86 EPS.

Many Wall Street Analysts have commented on Tiffany & Co.. Shares were Reiterated by RBC Capital Mkts on Jul 12, 2016 to “Sector Perform” and Lowered the Price Target to $ 65 from a previous price target of $68 .

Tiffany & Co. opened for trading at $68.62 and hit $70.07 on the upside on Tuesday, eventually ending the session at $69.13, with a gain of 1.56% or 1.06 points. The heightened volatility saw the trading volume jump to 26,19,319 shares. Company has a market cap of $8,712 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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