This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Tiffany: Diamond In The Rough

NEW YORK ( TheStreet) -- Tiffany & Co. (TIF - Get Report) reported a 19% jump in second-quarter profit, as sales gained in nearly all its markets, including the U.S.

The high-end jeweler also upped its full-year outlook, which now partially falls ahead of Wall Street's estimates. This makes Tiffany one of the standouts of the quarter, as the majority of the retail sector posted only so-so results and cautious outlooks.

Tiffany's CEO Michael Kowalski even went so far as to say he is looking to the second-half of the year "with a sense of guarded optimism."

During the second-quarter Tiffany earned $67.7 million, or 53 cents per share, compared with $56.8 million, or 46 cents, in the year-ago period.

Revenue jumped 9% to $668.8 million, which was below estimates of $690.2 million. Sales at its New York flagship store grew 8% to $350.4 million. Asia and Pacific revenue climbed 21% to $111.5 million, with the largest growth in China, Hong Kong, Macau and Korea.

Looking ahead, Tiffany expects full-year earnings in the range of $2.60 to $2.65 a share, from its prior guidance of $2.55 to $2.60. Analysts are calling for a profit of $2.61 a share.

-- Written by Jeanine Poggi in New York.

>To contact the writer of this article, click here: Jeanine Poggi.

>To follow the writer on Twitter, go to

>To submit a news tip, send an email to:

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
TIF $71.42 -0.87%
AAPL $93.73 -1.20%
FB $117.49 0.65%
GOOG $694.56 0.51%
TSLA $240.85 -2.80%


Chart of I:DJI
DOW 17,805.62 -25.14 -0.14%
S&P 500 2,060.07 -15.74 -0.76%
NASDAQ 4,764.12 -41.1710 -0.86%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs