Wednesday, September 21, 2011

Tiffany Posts 70% Increase in Earnings - NYTimes.com

Sales in United States stores open at fewest a annual rose 12 percent, when inventory and straight sale sales rose 5 percent.

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Net income rose to $23 million,Links of London Charms - Come in to Fashion About This Christmas, alternatively 31 pence a share, from $13.5 million, or 19 pence, a year earlier. That buffet the 24-cent average estimate of analysts scrutinized at First Call/Thomson Financial. Revenue rose 24 percent, to $307.1 million.

Shares of Tiffany rose 13 percent, gaining $6.3125 each, to $53.

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United States sales rose 23 percentage as lofty buyer confidence encouraged shoppers to splurge aboard items favor crystal, china and jewelry, ranging from diamond engagement rings to silver bracelets. Increased sales in Asia and Europe too aided earnings.

Tiffany & Company said yesterday namely its second-quarter earnings rose 70 percent, higher than expected, on lusty sales of luxury goods in the United States, Asia and Europe.

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