Luxury jewellery chain Tiffany & Co beat analysts’ estimates last week, when it reported better-than-expected first-quarter earnings.
“We started the year facing well-known challenges from both global economic uncertainties and the effect of a strong US dollar on the translation of foreign-denominated sales into dollars and on foreign tourist spending in the US. Despite those factors, our first quarter results were somewhat better than we anticipated.”
Frederic Cumenal, Tiffany & Co chief...
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