Tiffany & Co. Earnings: TIF Stock Sparkles Despite Q4 Sales Miss

TIF beat EPS estimates by 6 cents

Tiffany & Co. earnings for the company’s fourth quarter of 2018 have TIF stock up on Friday despite a sales miss.

Tiffany & Co. Earnings: TIF Stock Sparkles Despite Q4 Sales Miss
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Tiffany & Co. (NYSE:TIF) reported revenue of $1.32 billion for the fourth quarter of 2018. This is a slight drop from its revenue of $1.33 billion reported in the fourth quarter of 2017. It also comes in below Wall Street’s revenue estimate of $1.34 billion for the period, but couldn’t keep TIF stock down today.

The Tiffany & Co. earnings report for the fourth quarter of the year also has earnings per share coming in at $1.67. This matches the company’s earnings per share from the same period of the year prior. It was also a blessing for TIF stock by beating out analysts’ earnings per share estimate of $1.61 for the quarter.

Tiffany & Co. earnings for the fourth quarter of 2018 also include net income of $204.50 million. This is up from its net income of $61.90 million reported in the fourth quarter of the previous year.

The most recent Tiffany & Co. earnings report also has it bringing in operating income of $268.40 million. The company’s operating income reported during the same time last year was $311.10 million.

Tiffany & Co. also provides its outlook for the full year of 2019 in its earnings report for the fourth quarter of the year. This includes it expecting a mid-single-digit percentage increase for earnings per share. It is also expecting revenue for the year to be up in the low-single-digit percentage range.

TIF stock was up 3% as of noon Friday.

As of this writing, William White did not hold a position in any of the aforementioned securities.


Article printed from InvestorPlace Media, https://investorplace.com/2019/03/tiffany-stock-up-despite-sales-miss/.

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