Tiffany & Co. Q2 Profit Rises; Lifts FY13 EPS Outlook - Quick Facts

(RTTNews) - Tiffany & Co. (TIF) reported that its second-quarter net earnings increased to $107 million, or $0.83 per share, from $92 million and $0.72 per share in the prior year.

On average, 22 analysts polled by Thomson Reuters expected the company to report profit per share of $0.74 for the quarter. Analysts' estimates typically exclude special items.

Worldwide net sales rose 4% to $926 million. On a constant-exchange-rate basis, worldwide net sales rose 8%, and comparable store sales rose 5% due to growth in most regions. Analysts expected revenue of $941.37 million for the quarter.

For the fiscal year ending January 31, 2014, management now forecasts net earnings in a range of $3.50-$3.60 per share, compared with $3.43-$3.53 per share in its previous outlook. Analysts expect the company to report fiscal year profit per share of $3.53.