Tiffany & Co (TIF $66.54 -7.08) reported third quarter earnings of $0.70 per share, $0.10 better than the Capital IQ Consensus of $0.60, while revenues rose 20.6% year/year to $821.8 million versus the $804.69 million consensus.
The company issued downside guidance for the fourth quarter with EPS of $1.48-1.58 versus the $1.64 consensus, with low-teens percentage rev increase in the fourth quarter versus the +14.0% consensus.
The company actually raised fiscal year 2012 EPS guidance to $3.70-3.80 from $3.65-3.75. For FY12 the company reaffirmed worldwide net sales increasing by a high-teens percentage.






