Aug 27 Tiffany & Co on Tuesday reported
a higher quarterly profit, helped by sales gains in China that
trumped fears of a slowdown there, and the U.S. jeweler raised
its full-year forecast.
Global sales rose 4.4 percent to $925.9 million in the
second quarter ended July 31. Same-store sales rose 5 percent.
Tiffany reported net income of $106.8 million, or 83 cents
per share, compared with $91.8 million, or 72 cents per share, a
year earlier. The company now expects a profit of $3.50 to $3.60
per share this fiscal year, 7 cents more than its previous