Tiffany & Co. Q2 Income Declines 5%

(RTTNews) - Tiffany & Co. (TIF) released earnings for second quarter that fell from last year.

The company said its profit came in at $105.7 million, or $0.84 per share. This was lower than $111.2 million, or $0.86 per share, in last year's second quarter.

Analysts had expected the company to earn $0.72 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 5.9% to $931.6 million. This was down from $990.5 million last year.

Tiffany & Co. earnings at a glance:

-Earnings (Q2): $105.7 Mln. vs. $111.2 Mln. last year. -Earnings Decline (Y-o-Y): -4.9% -EPS (Q2): $0.84 vs. $0.86 last year. -EPS Decline (Y-o-Y): -2.3% -Analysts Estimate: $0.72 -Revenue (Q2): $931.6 Mln vs. $990.5 Mln last year. -Revenue Change (Y-o-Y): -5.9%