Tiffany & Co. Reports 17% Retreat In Q1 Earnings

(RTTNews) - Tiffany & Co. (TIF) reported earnings for first quarter that lost ground compared to the same period last year.

The company said its earnings came in at $87.5 million, or $0.69 per share. This was lower than $104.9 million, or $0.81 per share, in last year's first quarter.

Analysts had expected the company to earn $0.68 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 7.4% to $891.3 million. This was down from $962.4 million last year.

Tiffany & Co. earnings at a glance:

-Earnings (Q1): $87.5 Mln. vs. $104.9 Mln. last year. -Earnings Decline (Y-o-Y): -16.6% -EPS (Q1): $0.69 vs. $0.81 last year. -EPS Decline (Y-o-Y): -14.8% -Analysts Estimate: $0.68 -Revenue (Q1): $891.3 Mln vs. $962.4 Mln last year. -Revenue Change (Y-o-Y): -7.4%