Tiffany & Co. on Friday reported fiscal fourth-quarter net income of $204.5 million.
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On a per-share basis, the New York-based company said it had net income of $1.67. Earnings, adjusted for pretax gains, came to $1.60 per share.
The results matched Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was also for earnings of $1.60 per share.
The luxury jeweler posted revenue of $1.32 billion in the period, falling short of Street forecasts. Seven analysts surveyed by Zacks expected $1.34 billion.
For the year, the company reported profit of $586.4 million, or $4.75 per share. Revenue was reported as $4.44 billion.
Tiffany shares have risen 24 percent since the beginning of the year, while the Standard & Poor’s 500 index has risen 14 percent. The stock has climbed 3 percent in the last 12 months.
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This story was generated by Automated Insights using data from Zacks Investment Research. Access a Zacks stock report on TIF at https://www.zacks.com/ap/TIF
