Tiffany & Company (TIF), a high-end jewelry designer, manufacturer and retailer, is scheduled to report its first-quarter 2011 financial results before the bell on Thursday, May 26, 2011. The current Zacks Consensus Estimate for the quarter is 57 cents a share. For the quarter under review, revenue is $702 million, according to the Zacks Consensus Estimate.
Fourth-Quarter 2010, a Synopsis
Tiffany posted better-than-expected fourth-quartejor growth drivers going ahead. Besides, acquisitions should enable the company to record higher revenues in the forthcoming period. During the fourth quarter, the company announced a major restructuring program to make it sustainable for the long-term growth.
There is a lot of insecurity regarding the course of action Omar Ishrak will adopt – whether he will follow the same strategy or embark on something new. Although investors would be looking up to the new CEO for the revival of the core businesses, any immediate solution is not on the cards.
We have a ‘Neutral’ rating on Medtronic.
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