Tiffany's 3Q Beats Street, Guides Higher as Holidays Approach

Eddy Elfenbein submits:

Tiffany & Co. (TIF), the world’s second-largest luxury jewelry retailer, reported a 27% gain in third quarter profit that topped analysts’ estimates as sales rose globally.

Net income advanced to $55.1 million, or 43 cents a share, from $43.3 million, or 35 cents, the New York-based company said in a statement. Excluding costs related to the relocation of headquarter employees, profit was 46 cents. Analysts projected 36 cents, the average of estimates in a Bloomberg survey.

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