Tiffany & Company, (TIF): Founded in 1837 and based in New York, New York, Tiffany & Company, designs, manufactures and retails fine jewelry in United States. The company also sells its products through TIFFANY & Co stores as well as through department store boutiques in Japan.
Market is expecting a profit of 24 cents a share for the quarter ended October 2009, a drop of 11 cents compared to its actual profit of 35 cents a share it posted in the same quarter a year ago. The company posted a profit of 85 cents, 20 cents and 39 cents a share in the quarters ended January 2009, April 2009 and July 2009, respectively.
Currently trading at $41.81 just under its 52 week high of $43.80 with an average volume of about 2.4 million share per trading day. TIF is in my BUY watch list for short term trading. Watch for its earnings on Wednesday November 25, 2009 before market open.
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UPDATE: Tiffany announced it earnings today and said it earned $43.3 million or 35 cents a share for the period ended October 31, 2009, marker was expecting a profit of 24 cents a share. Shares jumped about 5% to $43.92 during the trading day.
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