Tiffany & Co. has continually beat Wall Street estimates this year until its recent quarter revenue performance ($1.041 billion vs. $1.052 billion estimates). Despite the miss, the company kept its earnings guidance while indicating lower free cash flow this fiscal year.
Interestingly, the geopolitics has not affected the company’s nearly 1/4 sales that are from China—whereby it actually show strong growth per its CEO.
Meanwhile, Tiffany is set to report its earnings for the holiday season on January 18. Better hold back until then despite the fact that shares are down 33% this quarter alone.
https://www.gurufocus.com/news/785497
#TIF
Submitted December 13, 2018 at 09:28PM by markyu007 https://ift.tt/2GoQKEi
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