Tiffany Earnings, Sales Shine in Latest Quarter
Tiffany & Co. reports first-quarter net income rose 3 percent as sales improved across all regions.
Tiffany & Co. reports first-quarter net income rose 3 percent as sales improved across all regions.
S&P 500 companies have nearly completed the second-quarters earnings season, and overall, investors don't have much to complain about: More than 70% of companies have beaten earnings estimates, the index's earnings have risen more than 19% from last year, and nine of 10 sectors have given us a positive earnings surprise.
Now more than ever, there's never a dull moment on Wall Street. Next week will bring plenty of critical headlines, from a panoply of retail earnings reports to Pandora's first results as a public company. Read on for a complete preview of the news to come.
Oracle, Discover and Tiffany are all expected to report year-over-year growth for their most recent quarters this week. Meanwhile, many will be looking for an updated snapshot of the housing market, with three sets of real-estate data coming out.
Strong sales at home and abroad helped the high-end jeweler post a 27% increase in net earnings in the third quarter, with some analysts predicting a return to luxury shopping this holiday season.
The luxury jeweler said its fiscal second-quarter net profit rose 19% thanks to solid growth in most regions. Tiffany also raised its full-year outlook.




