Tiffany & Co. (NYSE:TIF) jewelry retailer, is reporting third quarter earnings results on Tuesday 24th November 2020, before market open.
The consensus estimates from Thomson Reuters are income of $ 0.66 per share.
For the full year, analysts predict revenues of $ 3579.04 million, while looking forward to income of $ 2.10 per share.
Previous Quarter Performance
Tiffany & Co. announced income for the second quarter of $ 1.12 per share, from the net sales of $ 1,048.50 million. The quarterly earnings down 4.27 percent while revenues declined 2.55 percent compared with the same quarter last year.
According to street consensus, TIF was expected to report 2Q20 income of $ 1.05 per share from net sales of $ 1062.59 million. The bottom line results beat street analysts by $ 0.07 or 6.67 percent, at the same time, top line results fell short of analysts by $ 14.09 million or 1.33 percent.
Stock Performance
Shares of Tiffany & Co. traded up $ 0.05 or 0.04 percent on Monday, reaching $ 131.48 with volume of 1.71 million shares. Tiffany & Co. has traded high as $ 131.51 and has cracked $ 131.44 on the downward trend
According to the previous trading day, closing price of $ 131.48, representing a 26.51 % increase from the 52 week low of $ 103.89 and a 2.22 % decrease over the 52 week high of $ 134.42.
The company has a market capital of $ 15.96 billion and is part of the Consumer Cyclical sector and Luxury Goods industry.
Tiffany & Co., through its subsidiaries, designs, manufactures, and retails jewelry and other items in the Americas, the Asia-Pacific, Japan, Europe, and internationally. The company offers jewelry collections, engagement rings, and wedding bands. It also sells watches, home and accessories products, eyewear, and fragrances; and wholesales diamonds and earnings.
