Tiffany & Co.'s third-quarter net income fell 30 percent, stung by a higher-than-expected tax rate, ongoing economic weakness and high precious metal and diamond costs.
November 29, 2012 at 12:00 AM
1 minute read
Tiffany & Co.’s third-quarter net income fell 30 percent, stung by a higher-than-expected tax rate, ongoing economic weakness and high precious metal and diamond costs.
The jewelry company’s results missed Wall Street’s expectations and it cut its full-year earnings forecast.
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