Tiffany profit slips on weak Japan sales
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Jewelry retailer Tiffany &amp; Co., dragged down by weaker-than-expected sales in Japan and higher precious metal and diamond costs, recorded a 26 percent drop in third-quarter earnings.
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High-end jewelry retailer Tiffany &amp; Co. said Thursday that third-quarter profit fell 26 percent to miss Wall Street expectations by 5 cents per share, due to weak Japan sales, high diamond and precious metal
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Tokyo's Nikkei average opened down 0.25 percent on Monday as investors locked in profits on gainers such as insurers and real estate firms following the market's recent rise.
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Luxury jeweler Tiffany & Co.  TIF.N  on Thursday posted lower-than-expected quarterly earnings and  slashed its profit forecast, hurt by lackluster sales in Japan  and higher costs for precious metals and diamonds.
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Japan's Nikkei share average slipped 0.55  percent in early trade on Monday after a weak U.S. jobs report  pushed the dollar down against the yen, hurting the shares of  Japanese exporters.
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Tiffany & Company reported a 23 percent increase in earnings yesterday on higher sales and it increased its profit forecast for the year because of expected holiday demand.
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Tiffany &amp; Co., the largest US luxury jewelry retailer, said fiscal third-quarter earnings fell 26 percent on higher costs and declining Japanese sales.
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Japanese stocks fell on Tuesday, hit by a stronger yen and profit taking in some high-flying sectors.
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TOKYO: Japan&#39;s Nikkei average fell 0.42 per cent at the opening on Tuesday as profit-taking hit bank shares such as Mizuho Financial Group following a halt in a New York rally.
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Japan's Nikkei share average slipped 0.55 percent in early trade on Monday after a weak U.S. jobs report pushed the dollar down against the yen, hurting the shares of Japanese exporters.
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Japan's Nikkei average was down 0.19  percent by mid-morning on Tuesday, the first trading day of  2005, as investors grabbed profits in Mizuho Financial Group  and other major banks that had made strong gains late last  year.
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Japan's Nikkei share average slipped 0.58  percent on Monday morning after a weak U.S. jobs report kept  the dollar near a five-year low against the yen, hurting the  shares of Japanese exporters.
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Japan's Nikkei average opened 0.43  percent lower on Thursday as investors took profits in Sony  Corp. and other exporters that had risen in the previous three  sessions.
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Japan's Nikkei average closed lower on  Thursday, snapping a three-day gaining streak, as profit-taking  hit auto makers and other exporters that had attracted buyers  on the back of extended gains on Wall Street.
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Profit at the Toyota Motor Corporation slipped 1.5 percent in the most recent quarter as damage from a falling dollar offset strong increases in sales around the world.
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Japanese stocks edged lower on Wednesday  as investors moved to lock in profits in machinery issues such  as Fanuc Ltd., offsetting gains made by some exporters on solid  earnings by high-profile U.S. firms.
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TOKYO, Tuesday, Nov. 28 (Bloomberg News) Â JapanÂs retail sales unexpectedly fell for a second month, undermining the central bankÂs case that consumer spending will accelerate and help justify raising its interest rates, which are the lowest among major economies.