Tiffany Reports higher first quater profits.. [View All]

[Stuart G]

Source: http://www.nytimes.com/reuters/business/business-tiffany-results.html

NEW YORK (Reuters) - U.S. jeweler Tiffany & Co <TIF.N> reported a higher quarterly profit on Friday, boosted by strong sales in international markets, which pushed modest domestic sales to the backseat.

The net profit came to $64.4 million or 50 cents a share, in the quarter that ended Apr. 30, compared to $54.1 million or 39 cents a share in the year-earlier period.

While Tiffany, like more mid-tier rivals such as Zale Corp <ZLC.N> or Finlay Enterprises <FNLY.O>, has also gone through a rough patch due to the weak U.S. economy, the jeweler said earlier in May that the year had gotten off to a "promising start

Read more: Reuters, New York Times.

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What does this mean? The rich do not care...They have more and will spend it. Screw the rest of the world..
......As Max Beolistock said..., "If you got it, flaunt it.."