Tiffany Returns To Profit Growth; Asia Drives Results
Shares of Tiffany (TIF) moved higher in the stock market today after the upscale jeweler beat quarterly earnings views and offered a better-than-expected fiscal 2013 sales outlook. The New York-based company delivered fourth-quarter earnings of $1.40 a share, up from $1.39 the previous year and 3 cents above consensus analyst estimates. It was the first time in five quarters that Tiffany reported a gain in EPS. Sales rose 4% to $1.24 billion,
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