Should You Buy Tiffany & Co. Near Its All-time High?

newsfeedback@fool.com (Leo Sun), The Motley Fool
Fri, 05/25/2018 - 6:15am

Shares of Tiffany & Co. (NYSE: TIF) surged 24% to an all-time high on May 23 after the jeweler's first quarter numbers crushed analysts' expectations. Tiffany's revenue rose 15% annually to $1.03 billion, beating estimates by nearly $72 million and marking its first quarter of double-digit growth in four years. Its comparable store sales jumped 10%.That robust revenue growth, along with a higher operating margin and a lower effective tax rate, lifted Tiffany's net income 53% annually to $142 million, or $1.14 per share -- which topped expectations by $0.31.Image source: Tiffany & Co.Continue reading

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Topics:  nyse   tif    tiffany   all-time high   expectations   quarter   million   growth   annually   revenue   
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