NEW YORK (TheStreet) -- Tiffany & Co (TIF) stock is gaining before the bell after the jewelry retailer reported better-than-expected net income and revenue in its first quarter.
Before the bell, shares had popped 6% to $93.52.
Over the three months to April, the company earned 97 cents a share and generated revenue of $1.01 billion. Analysts surveyed by Thomson Reuters had expected 78 cents a share and $956.34 million in sales.
TheStreet Ratings team rates TIFFANY & CO as a Hold with a ratings score of C+. TheStreet Ratings Team has this to say about their recommendation:
"We rate TIFFANY & CO (TIF) a HOLD. The primary factors that have impacted our rating are mixed -- some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and weak operating cash flow."
- You can view the full analysis from the report here: TIF Ratings Report