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Tiffany posts higher profit

NEW YORK
Thu Aug 28, 2008 7:47am EDT

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Tiffany and Co. salesman Peter Englehart displays a yellow emerald-cut diamond necklace selling for $1.2 million in their newest Tiffany and Co. store on Wall Street in New York City October 10, 2007. REUTERS/Mike Segar

Tiffany and Co. salesman Peter Englehart displays a yellow emerald-cut diamond necklace selling for $1.2 million in their newest Tiffany and Co. store on Wall Street in New York City October 10, 2007.

Credit: Reuters/Mike Segar

NEW YORK (Reuters) - U.S. jeweler Tiffany & Co (TIF.N) posted a higher quarterly profit on Thursday, benefiting from strong international sales and solid tourist spending at its New York flagship store.

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The net profit was $80.8 million, or 63 cents per share, in its fiscal second quarter, ended July 31, compared with $40.5 million, or 29 cents per share, a year earlier.

(Reporting by Aarthi Sivaraman; Editing by Steve Orlofsky)
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