NEW YORK (AP) _ Tiffany & Co. (TIF) on Tuesday reported a fiscal first-quarter loss of $64.6 million, after reporting a profit in the same period a year earlier.
The New York-based company said it had a loss of 53 cents per share.
The results fell short of Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 35 cents per share.
The luxury jeweler posted revenue of $555.5 million in the period.
Tiffany shares have dropped nearly 9% since the beginning of the year, while the Standard & Poor's 500 index has stayed nearly flat. The stock has climbed 34% in the last 12 months.
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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
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