Tiffany & Co. Smashes Street Expectations As First Quarter Earnings Surge 50%
Tiffany & Co’s diamonds and sparkling silver aren’t the only things shining for the company Wednesday morning: the jeweler released its first quarter fiscal 2014 earnings report Wednesday morning, and both profit and revenue were significantly higher than analysts anticipated thanks to a boost in sales from Tiffany’s lower-cost collections. As a result of the earnings beat, shares of Tiffany are popping more than 7% in early Wednesday trading.
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