Tiffany Shares Take a Hit Following Q2 Results

Filed under: Earnings Reports, Tiffany and Co (TIF)

Shares of Tiffany & Co. (TIF) are off by 3.2% as I write this. At a price of $40.68, the stock is well below the 52-week high of $52.19. Volume is quite strong. Second-quarter numbers provided the catalyst for the move.



According to this article, earnings per share came in at 53 cents. That was seven pennies better than last year's figure. But the profit didn't go beyond the expectation of the analyst community, it was only in-line. Could that be why the market is so unhappy today with the stock?

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Tiffany Shares Take a Hit Following Q2 Results originally appeared on BloggingStocks on Fri, 27 Aug 2010 17:00:00 EST. Please see our terms for use of feeds.

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