Tiffany’s Sales Not Shiny Enough
Tiffany reported a stellar fourth quarter helped by holiday sales, but fell short of The Street’s predictions, sending shares of the upscale chain lower.
The New York-based company said it earned $140.4 million, or $1.10 per share, compared with $31.1 million, or 25 cents per share, a year earlier when the company suffered one-time charges that reduced earnings by 56 cents per share.
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