Tiffany (TIF) Tops Q1 Earnings & Sales Falls Y/Y; Stock Up – Tale of the Tape
Tiffany & Company ( TIF ), the designer and retailer of fine jewelry, came out with first-quarter fiscal 2015 results, wherein earnings of 81 cents per share fared much better than the Zacks Consensus Estimate of 69 cents, while declining 16.5% year over year. Management still anticipates a minimum growth in earnings per share during fiscal 2015 over $4.20 earned in fiscal 2014. For the second quarter, earnings are expected to decline at a more moderate rate, compared to the first quarter, followed by double digit increases in the remaining two quarters. […]