2011年9月21日星期三

Tiffany Posts 70% Increase in Earnings - NYTimes.com

Net earnings rose apt $23 million, or 31 pence a share, from $13.5 million, or 19 cents, a year earlier. That buffet the 24-cent mean estimate of analysts surveyed by First Call/Thomson Financial. Revenue rose 24 percentage, to $307.1 million.

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

United States sales rose 23 percent as high consumer positiveness encouraged shoppers to splurge on items like crystal, china and jewelry, ranging from diamond engagement rings to silver bracelets. Increased sales in Asia and Europe likewise helped earnings.

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Tiffany & Company said yesterday namely its second-quarter income rose 70 percent, higher than anticipated, aboard muscular bargains of luxury merchandise in the United States, Asia and Europe.

Sales in United States stores open at fewest a year rose 12 percent, meantime list and straight sale sales rose 5 percent.

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