Jan 10, 2012 - 11:59 am
Posted by Market Wrap Daily | Posted in: Earnings, Recent, Stock News
Tiffany and Co. (NYSE: TIF) holiday sales disappoint
Tiffany and Co. (NYSE: TIF) sales over the holiday season weakened in the U.S. and Europe, prompting the upscale jeweler to lower its full-year profit forecast.
TIF said it expects to earn $3.60 to $3.65 per share for the year ending Jan. 31, down from its earlier forecast of $3.70 to $3.80.
TIF shares are down about 11% in early trading.
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