Luxury goods maker Tiffany & Co. (TIF) is expected to report net income of $127.9 million, or $1.04 a share, on sales of $1.1 billion before the market opens on Wednesday, based on a FactSet survey of 22 analysts.
In the same period a year ago, the company posted earnings of $1.17 a share on sales of $1.1 billion. It reported net income of $142.3 million.
The stock has fallen 10.2% since the company last reported earnings on Jun. 4.
Quarterly estimates have fallen less than 1 cent a share in the past month.
In the upcoming quarter analysts are forecasting net income of $108.4 million, or 90 cents a share, on sales of $1 billion.
Tiffany is currently trading at a price-to-forward-earnings ratio of 16.2 based on the 12-month estimates of 26 analysts surveyed by FactSet.
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