For full daily stock changes and more financial news, seeWWD.com/business-news.An 11 percent increase in same-store sales helped Tiffany & Co.'s fourth-quarter earnings bounce back to the high end of its own projections, replica Rolex Datejust Ladies watch rrx0904215 the jewelry retailer fell short of Wall Street's expectations.In the three months ended Jan. 31, the New York-based firm logged net income of $140.4 million, or $1.10 a diluted share, more than quadrupling the year-ago mark of $31.1 million, or 25 cents. The 2008 figure included charges for restructuring and other purposes which reduced EPS by 56 cents.
Rising Sales Boost Earnings at TiffanyAn 11 replica Rolex Datejust Ladies watch rrx0904216 increase in same-store sales helped Tiffany & Co.'s fourth-quarter earnings bounce back to the high end of its own projections, but the jewelry retailer fell short of Wall Street's expectations.In the three months ended Jan. 31, the New York-based firm logged net income of $140.4 million, or $1.10 a diluted share, more than quadrupling the year-ago mark of $31.1 million, or 25 cents. The 2008 replica Rolex Datejust Ladies watch rrx0904217 included charges for restructuring and other purposes which reduced EPS by 56 cents.
The profit profile matched the high end of projections lifted by Tiffany when it reported a 17 percent increase in year-over-year holiday sales on Jan. 12, but EPS for continuing operations of $1.09 fell 4 cents short of the $1.13 analysts, replica Rolex Datejust Ladies watch rrx0904218 average, had expected. EPS for 2010 was projected at $2.45 to $2.50, 2 cents to 7 cents higher than the consensus estimate of analysts prior to the report.After spending much of the day in negative territory, shares closed at $47.41, up 16 cents, or 0.3 percent, before turning lower in after-hours trading.
Commentaires
Il n'y a aucun commentaire sur cet article.