Sunday, September 25, 2011

BUSINESS BRIEFING - RETAILING - Tiffany Posts a 19 Percent Increase In Profit - Brief - NYTimes.com

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Tiffany & Company's second-quarter profit rose 19 percentage on higher revenue as shoppers bought extra of its high-end jewelry approximately the earth, particularly in Asia and Europe. The chain raised its full-year income anticipate to a range partly on analysts' estimates. The king administrative, Michael Kowalski, said Tiffany looked ahead to the second half ''with a sense of guarded optimism.'' Net proceeds met expectations but revenue fell short, and it said third-quarter growth would be ''somewhat restrained'' for of higher marketing costing. Tiffany said it acquired $67.7 million, or 53 pence a share, in the quarter, up from $56.8 million,The Innovation of The Time Zone Watch, or 46 pence a share, a year earlier. Revenue rose 9 percent, to $668.8 million, under estimates of $690.2 million.

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