Market Overview

Deutsche Bank Reports Impressive Q2 For Tiffany

Share:

According to Deutsche Bank, Tiffany (NYSE: TIF) posted impressive Q2 sales & earnings with USD0.69 reported EPS & USD0.86 clean EPS, beating DBe by 5% and 12% respectively.

Deutsche Bank said it raised FY EPS guidance by 6% to USD3.65-3.75 vs USD3.45-3.55. “So overall impressive performance of the TIF brand with broadbased strength: NA comps were +23% with NY flagship recording an impressive +41% and +19% in the rest of the store base; Asia-Pac comps were +41%; Japan comps were an impressive +8%; European comps were +11%. So comps accelerated everywhere in Q2 except in Europe.”

Tiffany closed yesterday at $63.11.

Posted-In: Deutsche BankAnalyst Color Analyst Ratings

 

Related Articles (TIF)

View Comments and Join the Discussion!

Latest Ratings

StockFirmActionPT
LOWRBC CapitalMaintains129.0
MARRBC CapitalMaintains148.0
CRLSunTrust Robinson HumphreyMaintains162.0
CFRSunTrust Robinson HumphreyMaintains105.0
ZYNEJefferiesAssumes11.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Trading Daily
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com

Wedbush Maintains Outperform on Aruba Networks

Conceptus Enters Into New Revolving Line of Credit Agreement With Wells Fargo Bank