Tiffany & Co. Earnings: Here’s Why Investors are Buying Shares Now

Tiffany & Co. (NYSE:TIF) delivered a profit and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are up 4%.

Tiffany & Co. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 0.72% to $1.40 in the quarter versus EPS of $1.39 in the year-earlier quarter.

Revenue: Rose 4.01% to $1.24 billion from the year-earlier quarter.

Actual vs. Wall St. Expectations: Tiffany & Co. reported adjusted EPS income of $1.40 per share. By that measure, the company beat the mean analyst estimate of $1.36. It missed the average revenue estimate of $1.25 billion.

Quoting Management: Michael J. Kowalski, chairman and chief executive officer, said, “These quarterly sales results were consistent with the holiday trends we had issued in early January. While financial results in fiscal 2012 were disappointing due to lower-than-expected sales growth and pressures on gross margin, we continued to maintain a longer-term focus on strengthening global awareness of the TIFFANY & CO. brand and on further developing compelling product offerings.”

Key Stats (on next page)…