{"id":30498,"date":"2012-09-25T07:30:13","date_gmt":"2012-09-25T11:30:13","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=30498"},"modified":"2012-09-25T07:30:13","modified_gmt":"2012-09-25T11:30:13","slug":"video-tiffany-misses-second-quarter-earnings-estimates-and-cuts-full-year-forecast","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2012\/09\/25\/video-tiffany-misses-second-quarter-earnings-estimates-and-cuts-full-year-forecast\/","title":{"rendered":"VIDEO: Tiffany Misses Second Quarter Earnings Estimates and Cuts Full Year Forecast"},"content":{"rendered":"<p><div id=\"grabDiv1767162\"><object id=\"GrabPlayer1767162\" width=\"542\" height=\"304\" type=\"application\/x-shockwave-flash\" align=\"middle\" data=\"http:\/\/player.grabnetworks.com\/swf\/GrabOSMFPlayer.swf?id=1767162&#038;content=v59dbf48b169f552189c8c99023dd707212ba946b&#038;tgt=grabnetworks\"><param name=\"quality\" value=\"high\"\/><param name=\"allowScriptAccess\" value=\"always\"\/><param name=\"allowFullScreen\" value=\"true\"\/><param name=\"menu\" value=\"false\"\/><param name=\"wmode\" value=\"transparent\"\/><param name=\"movie\" value=\"http:\/\/player.grabnetworks.com\/swf\/GrabOSMFPlayer.swf?id=1767162&#038;content=v59dbf48b169f552189c8c99023dd707212ba946b&#038;tgt=grabnetworks\"\/><\/object><\/p>\n<div id=\"overlay-adzone\" style=\"overflow:hidden; position:relative\"><\/div>\n<\/div>\n<p>Iconic jewelry maker Tiffany &#038; Co. (NYSE:TIF) didn&#8217;t meet profit expectations in the most recent quarter. The company posted an EPS of 72 cents a share, lower than the 74 cents analysts were expecting. Revenue did rise 2% to $886.6 million, but was also below the street&#8217;s estimate of $891.1 million. Chairman and CEO of the company Michael Kowalski said Tiffany&#8217;s sales growth was hurt by tough economic conditions and higher product costs. The company also lowered its full-year earnings forecast to a range of $3.55 to $3.70. Analysts are predicting 2012 earnings to be $3.65 per share. Tiffany says it still expects sales to decline in the third quarter but rise in the fourth quarter.Currently, the jeweler&#8217;s stock is up over 6% to $62.10<\/p>\n<p><img src='http:\/\/images.grab-media.com\/financial_news_network\/2012\/09\/25\/1_xtws2j7x_thumb.jpg' \/><\/p>\n<p><!--post_img[http:\/\/images.grab-media.com\/financial_news_network\/2012\/09\/25\/1_xtws2j7x_preview.jpg]--><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Iconic jewelry maker Tiffany &#038; Co. (NYSE:TIF) didn&#8217;t meet profit expectations in the most recent quarter. The company posted an EPS of 72 cents a share, lower than the 74 cents analysts were expecting. Revenue did rise 2% to $886.6 million, but was also below the street&#8217;s estimate of $891.1 million. Chairman and CEO of &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2012\/09\/25\/video-tiffany-misses-second-quarter-earnings-estimates-and-cuts-full-year-forecast\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;VIDEO: Tiffany Misses Second Quarter Earnings Estimates and Cuts Full Year Forecast&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-30498","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/30498","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=30498"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/30498\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=30498"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=30498"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=30498"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}