Tiffany earnings beat forecasts, ups guidance
Boosted by sales gains in China, Tiffany reported quarterly earnings that beat analysts' expectations on Tuesday and raised its guidance for the full year.
The company posted second-quarter earnings excluding items of 83 cents per share, up from 72 cents a share in the year-earlier period.
Revenue increased to $925.9 million from $887 million a year ago.
Analysts had expected the company to report earnings excluding items of 74 cents a share on $941 million in revenue, according to a consensus estimate from Thomson Reuters.
The retailer also increased its full-year outlook to $3.50-$3.60 a share from a range of $3.43-$3.53 a share.
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