Tiffany & Co. (TIF) released its third quarter financial results before the opening bell on Tuesday, posting results that missed analysts’ views.
Inside TIF’s Q3 Results
Earnings
TIF posted earnings of $38.27 million, or 29 cents per share, down from $94.61 million, or 73 cents per share, in the year prior. On average, analysts expected to see earnings of 77 cents per share.
Revenue
Revenue increased 5% to $959.59 million from $911.48 million last year. Analysts expected to see revenue of $968.86 million.
Outlook
Looking forward, the company expects to see FY2014 between $4.20 and $4.30 per share. On average, analysts expect to see earnings of $4.34 per share.
Mutual Funds to Watch
Investors interested in gaining exposure to Tiffany & Co. may also want to consider a mutual fund as an alternative. Below are three mutual funds with the largest stakes in TIF.
| Symbol | Mutual Fund | Stake |
|---|---|---|
| HACAX | Harbor Capital Appreciation | 2.22% |
| VMCIX | Vanguard Mid Cap Index | 1.47% |
| VTSMX | Vanguard Total Stock Market Index | 1.41% |
The Bottom Line
By investing in one of the mutual funds above, investors will gain exposure to a broad range of securities and industries.
Investors interested in stocks similar to TIF may also want to consider Signet Jewelers (SIG)
Sign up for Advisor Access
Receive email updates about best performers, news, CE accredited webcasts and more.
Popular Articles
Portfolio Management
Types of Portfolio Management
Practice Management
3 Must Read Pieces for Practice Management: January 13
Download Our Free Report
