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Tiffany Profit Tops Estimates; Cuts Q1 EPS View On Japan Disaster – Update
Luxury jewelry retailer Tiffany & Co. reported Monday a higher profit for its fourth quarter, above market projections, boosted by strong comparable store sales across its geographies. Citing the tragic events in Japan, the company trimmed its first-quarter earnings forecast, which, however, is higher than last year’s results and market estimates. The company also sees higher results in next …
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Business Highlights
Fewer Americans bought previously occupied homes in February and those who did purchased them at steep discounts. The weak sales and rise in foreclosures pushed home prices down to their lowest level in nearly nine years.
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