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March 29, 2006
Tiffany & Co. Beats 4Q Expectations
Fourth-quarter sales at Tiffany & Co. grew 6 percent, beating analysts’ expectations.
However, the jewelry retailer reported a 35.3% drop in net earnings compared to the year ago quarter, which was bolstered by the $194 million sale of its stake in Aber Diamond Corp.
Profit for the quarter ended Jan. 31 came in at $140.3 million, or 97 cents per diluted share. Analysts were expecting earnings of 84 cents per share.
Posted by Blacks on March 29, 2006 08:57 AM
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