Tiffany & Co. Earnings Fall 8% In Q3

(RTTNews) - Tiffany & Co. (TIF) announced a profit for third quarter that retreated from last year.

The company said its earnings fell to $91.0 million, or $0.70 per share. This was down from $99.3 million, or $0.76 per share, in last year's third quarter.

Analysts had expected the company to earn $0.75 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 2.2% to $938.2 million. This was down from $959.6 million last year.

Tiffany & Co. earnings at a glance:

-Earnings (Q3): $91.0 Mln. vs. $99.3 Mln. last year. -Earnings Decline (Y-o-Y): -8.4% -EPS (Q3): $0.70 vs. $0.76 last year. -EPS Decline (Y-o-Y): -7.9% -Analysts Estimate: $0.75 -Revenue (Q3): $938.2 Mln vs. $959.6 Mln last year. -Revenue Change (Y-o-Y): -2.2%

-Guidance: Full year EPS guidance: $4.20