NEW YORK (AP) — Tiffany & Co. (TIF) on Wednesday reported fiscal second-quarter profit of $136.3 million.
The New York-based company said it had net income of $1.12 per share.
The results beat Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $1.05 per share.
The luxury jeweler posted revenue of $1.05 billion in the period, which fell short of Street forecasts. Seven analysts surveyed by Zacks expected $1.07 billion.
Tiffany shares have climbed 2.5% since the beginning of the year, while the Standard & Poor's 500 index has risen 14%. The stock has dropped 36% in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TIF at https://www.zacks.com/ap/TIF
Automated Insights, source Associated Press News