NEW YORK (TheStreet) -- Shares of Tiffany & Co. (TIF - Get Report) are higher by 2.91% to $103.70 in pre-market trading on Wednesday, after the high end jewelry store reported a 16% increase in 2014 second quarter net earnings to $124 million, or 96 cents per diluted share, compared with $107 million, or 83 cents per diluted share for the year ago period.
Tiffany's worldwide net sales grew 7% to $993 million for the most recent quarter, over the $925.8 million reported for the 2013 second quarter.
Tiffany's 2014 second quarter earnings results topped the expectations of analysts polled by Thomson Reuters of 85 cents per share, on revenue of $987.8 million.
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