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Re: Tiffany Shares Jumped: What You Need to Know

By: weco in FFFT | Recommend this post (0)
Sat, 27 Aug 11 4:54 AM | 58 view(s)
Boardmark this board | Food For Further Thought 		Msg. 32235 of 65535
(This msg. is a reply to 32230 by clo)
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When AAPL hits 400 and sticks, it's a diamond sale for someone near and dear... May not be long...


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The above is a reply to the following message:
Tiffany Shares Jumped: What You Need to Know
By: clo in FFFT
Sat, 27 Aug 11 4:32 AM 		Msg. 32230 of 65535

Thank goodness for those tax cuts & bonuses, Tiffany is reaping the rewards! clo

Tiffany Shares Jumped: What You Need to Know
By Matt Koppenheffer, The Motley Fool Posted 5:49PM 08/26/11

Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.

What: Shares of high-end jewelry peddler Tiffany (NYS: TIF) were sparkling like diamonds today as investors pushed the stock up as much as 10% in intraday trading after the company reported strong second-quarter results.

So what: Tiffany was nice and helpful in giving an earnings release headline that summed up the situation very nicely: "Tiffany Reports Substantially Higher-Than-Expected Sales and Earnings Growth in Its Second Quarter." Whew! That makes my job easier.

Wait, you want more detail?

OK, fine.

For the quarter, sales were up a whopping 30% to $873 million. Sales growth got a 6% boost from currency exchange and new stores, but same-store sales were still up a very-impressive 22%. Though the (non-Japan) Asia-Pacific region was particularly strong, sales growth looked great all over the world for Tiffany.

After adjusting for the costs of the company's headquarters relocation, second-quarter earnings per share were $0.86, a 58% jump from last year. Wall Street analysts were caught completely by surprise -- they were expecting sales of just $785 million and per-share earnings of $0.70. 

Now what: What's better than one big shiny diamond? How about ... two? The company complimented the show-stopping second-quarter results with a similarly strong full-year guidance boost. For the year, the Tiffany now expects to see earnings per share of $3.65 to $3.75 versus a previous range of $3.45 to $3.55. On average, analysts had estimated $3.56 in full-year EPS. The bottom line is expected to be driven by a soaring top line, which the company sees growing by "a high-teens percentage."

http://www.dailyfinance.com/2011/08/26/tiffany-shares-jumped-what-you-need-to-know/?source=TheMotleyFool

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