NEW YORK (AP) _ Tiffany & Co. (TIF) on Tuesday reported fiscal third-quarter net income of $119 million.

On a per-share basis, the New York-based company said it had profit of 98 cents. Earnings, adjusted for costs related to mergers and acquisitions, came to $1.11 per share.

The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 75 cents per share.

The luxury jeweler posted revenue of $1.01 billion in the period.

Tiffany shares have fallen nearly 2% since the beginning of the year, while the Standard & Poor's 500 index has increased 11%. The stock has climbed nearly 4% 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

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