Revenue Update on Tiffany & Co.(NYSE:TIF)

Tiffany & Co.(NYSE:TIF) announced the earnings results for Fiscal Year 2016 and Q3. The results came in during Pre-market on Nov 29, 2016. Company reported revenue of $949.30M. Analysts estimated a revenue of $924.42M. The revenues were $24.88M or 2.69% above the estimates. Earnings per share were $0.76. The reported EPS was above estimates by $0.09 or 13.43%. Analysts had estimated an EPS of $0.67.

In a different note, Guggenheim Securities said it Initiates Coverage on Tiffany & Co., according to a research note issued on Sep 30, 2016. The shares have been rated ‘Buy’ by the firm. CLSA said it Initiates Coverage on Tiffany & Co., according to a research note issued on Sep 28, 2016. The shares have been rated ‘Outperform’ by the firm.

Tiffany & Co. (TIF) made into the market gainers list on Tuesdays trading session with the shares advancing 3.15% or 2.46 points. Due to strong positive momentum, the stock ended at $80.6, which is also near the day’s high of $84.4. The stock began the session at $82.48 and the volume stood at 94,11,810 shares. The 52-week high of the shares is $84.4 and the 52 week low is $56.985. The company has a current market capitalization of $10,066 M and it has 12,48,91,690 shares in outstanding.

Tiffany & Co. has also declared a cash dividend of $0.4500 on Nov 17, 2016. The shares will quote ex-dividend on Dec 16, 2016 and the record date has been fixed on Dec 20, 2016. The dividend payable date has been fixed on Jan 10, 2017.

Several Insider Transactions has been reported to the SEC. On Sep 21, 2016, Philippe Galtie (Senior Vice President) sold 482 shares at $72.01 per share price.Also, On May 23, 2016, Leigh M. Harlan (SENIOR VICE PRESIDENT) sold 70 shares at $63.94 per share price.On Apr 6, 2016, Michael Joseph Kowalski (director) sold 154,750 shares at $72.96 per share price, according to the Form-4 filing with the securities and exchange commission.

Tiffany & Co. is a holding company. The Company operates through its subsidiary companies. The Company’s principal product category is jewelry. The Company also sells timepieces leather goods sterling silver goods (other than jewelry) china crystal stationery fragrances and accessories. Its brands include TIFFANY and TIFFANY & CO. as well as the TIFFANY BLUE BOX. Its segments include Americas Asia-Pacific Japan Europe and Other. It operates e-commerce enabled Websites in 13 countries as well as informational Websites in various additional countries.

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