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Tiffany & Co Lowers FY 2012 Guidance


Thursday, 29 Nov 2012 07:00am EST 

Tiffany & Co updated fiscal 2012 guidance and expects net earnings of $409-$435 million, or $3.20-$3.40 per diluted share, compared with the previous forecast of $3.55-$3.70 per diluted share. The Company expects worldwide net sales (in U.S. dollars) increasing 5%-6% versus the previous expectation of 6%-7% growth. The Company reported revenues of $3.6 billion in fiscal 2011. According to I/B/E/S Estimates, analysts were expecting the Company to report net income of $460 million, EPS of $3.60 and revenue of $3.86 billion for fiscal 2012. 

Company Quote

95.26
0.5 +0.53%
30 Oct 2014