Tiffany & Co.

Tiffany quarterly profit down; keeps outlook

Forbes | Fri, May 29

Fri, May 29 NY
NEW YORK (Reuters) - Upscale jeweler Tiffany ( TIF - news - people ) & Co posted a 62 percent drop in quarterly profit Friday, as shoppers stayed away from jewelry in the recession. Net profit fell to $24.3 million, or 20 cents per share, ...

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3 mainstream media weighed in on a similar topic

Last Month, Wiadomosci onet.pl says (in Tiffany profit drops 62 percent; shares lower) Poland
Tiffany & Co said quarterly earnings fell a worse-than-expected 62 percent as jewelry sales suffered amid the recession. Sales trends improved slightly in May, but not enough to boost the company's weak full-year outlook. High-end stores like Tiffany ...

And MarketWatch says (in GDP data, Dell, General Motors in the spotlight) Tiffany & Co. said its first-quarter profit dropped 62% as the global recession dented demand for the luxury jewelry retailer's upscale accessories. Net income fell to $24.3 million, or 20 cents a share, from $64.4 million, or 50 cents a share. ...

And EducationGuardian.co.uk says (in Tiffany profit just misses view; keeps outlook) UK
NEW YORK, May 29 (Reuters) - Tiffany & Co posted a lower-than-expected quarterly profit on Friday as shoppers avoided jewelry, but the upscale retailer kept its full-year forecast, citing a smaller sales decline so far in May. ...