Tiffany: Q1 significantly above consensus
(CercleFinance.com) - Tiffany has published Q1 (to end-April) net income that is up 53% at 142 million dollars, or 1.
14 dollar per share, meaning that EPS beat the consensus by thirty cents.
The New York jeweler improved its operating margin by 3.2 points to 19.8% for revenues that are up 15% at 1 billion dollars, including 7% growth at constant stores and excluding FX factors.
Tiffany now expects 2018 EPS of between 4.50 dollars and 4.70 dollars, compared to a previous target range of 4.25 dollars to 4.45 dollars, while its board of directors has approved of a new share buyback program amounting to one billion dollars.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
14 dollar per share, meaning that EPS beat the consensus by thirty cents.
The New York jeweler improved its operating margin by 3.2 points to 19.8% for revenues that are up 15% at 1 billion dollars, including 7% growth at constant stores and excluding FX factors.
Tiffany now expects 2018 EPS of between 4.50 dollars and 4.70 dollars, compared to a previous target range of 4.25 dollars to 4.45 dollars, while its board of directors has approved of a new share buyback program amounting to one billion dollars.
Copyright (c) 2018 CercleFinance.com. All rights reserved.