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Tiffany's 1Q profit more than doubles

Tiffany's 1Q profit more than doubles

Tiffany & Co. says its net income more than doubled in the first quarter as the jewelry chain enjoyed stronger-than-expected revenue in the U.S. and most regions abroad.
Tiffany also is issuing a profit outlook that was above Wall Street expectations.
The chain says Thursday that it earned $64.4 million, or 50 cents per share, in the three months ended April 30. That compares with $24.3 million, or 20 cents per share in last year's first quarter.
Revenue rose 22 percent to $633.6 million.
Analysts were expecting earnings per share of 36 cents on revenue of $611.9 million.


Updated : 2021-01-19 20:31 GMT+08:00