Tiffany posts 2Q profit, results beat Wall Street estimates



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NEW YORK — Tiffany & Co. (TIF) on Wednesday reported earnings of $124.1 million in its fiscal second quarter.

The New York-based company said it had profit of 96 cents per share.

The results beat Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 86 cents per share.

The company posted revenue of $992.9 million in the period, also surpassing Street forecasts. Analysts expected $989.6 million, according to Zacks.

Tiffany shares have increased roughly 9 percent since the beginning of the year, while the Standard & Poor's 500 index has risen 8 percent. The stock has climbed 23 percent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. A stock research report on TIF from Zacks is available at: http://www.zacks.com/ap/TIF

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Keywords:Tiffany,Earnings Report

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