Tiffany Shines, Lifts Outlook

Zacks.com submits:

Tiffany & Company (TIF) has posted stronger-than-expected third-quarter 2010 results buoyed by improved demand for luxury items worldwide. The quarterly earnings of 46 cents a share surpassed the Zacks Consensus Estimate of 36 cents, and rose 39% from 33 cents earned in the prior-year quarter.

The Zacks Consensus Estimate dipped by a penny over the last 7 days with only one out of 16 analysts covering the stock revising the estimate downward. On a reported basis, including one-time items, quarterly earnings came in at 43 cents a share, up 23% from 35 cents delivered in the year-ago quarter.