Tiffany Reports Diamond-Studded Q3 Results

Rhian Hunt, The Motley Fool
·2 min read
Tiffany Reports Diamond-Studded Q3 Results

Global net sales for luxury goods company Tiffany & Co. (NYSE: TIF) were 1% lower for the third quarter of 2020 year over year, but this mild apparent decline conceals at least two positives. Plus, efficiency improvements caused net earnings to jump 52% year over year, or 73% excluding the costs of its merger with LV Moet Hennessy (OTC: LVMHF). Tiffany's results handily beat analyst consensus expectations according to data by Zacks Equity Research.