Tiffany profit falls; stock down as outlook same
By Aarthi Sivaraman
NEW YORK (Reuters) – Tiffany & Co (TIF.N) posted a 62 percent drop in quarterly earnings on Friday, worse than Wall Street had expected, as jewelry sales languished in the recession.
The upscale retailer said sales trends had improved slightly in May, but not enough to boost its weak full-year outlook as rough economic [...]
Tiffany profit falls; stock down as outlook same
By Aarthi Sivaraman
NEW YORK (Reuters) – Tiffany & Co (TIF.N) posted a 62 percent drop in quarterly earnings on Friday, worse than Wall Street had expected, as jewelry sales languished in the recession.
The upscale retailer said sales trends had improved slightly in May, but not enough to boost its weak full-year outlook as rough economic [...]
HEADLINE STOCKS-U.S. stocks to watch on May 29
(Updates prices, adds Office Depot, Yingli Green Energy, Lexmark International) NEW YORK, May 29 (Reuters) – Some U.S. stocks to watch on Friday: OFFICE DEPOT INC (ODP.N) Shares of Office Depot (ODP.N) rose 10.3 percent to $4.83 after JP Morgan raised its rating on the office supplier to “overweight” from “neutral,” citing [...]
UPDATE 4-Tiffany profit falls; stock down as outlook same
* Q1 EPS $0.20; Wall Street view $0.21
* Q1 sales down 22 pct to $523.1 million
* Leaves weak full-year EPS view unchanged
* Shares down 3.3 percent (Adds analyst and executive comments, background; updates share activity)
By Aarthi Sivaraman
NEW YORK, May 29 (Reuters) – Tiffany & Co (TIF.N) posted a [...]
US STOCKS-Wall St rises, bolstered by energy shares
* New home sales weaker-than-expected
* Durable goods orders rise more than expected
* Initial claims down, continuing claims hit record
* GM says amended offer to bondholders is accepted
* Dow up 0.6 pct; S&P up 1.0 pct, Nasdaq up 0.5 pct
* For up-to-the-minute market news click [STXNEWS/US]
By Chuck Mikolajczak
NEW [...]
Travel Postcard: 48 hours in Kuala Lumpur
By Jennifer Henderson
KUALA LUMPUR (Reuters Life!)- Got 48 hours to explore Kuala Lumpur? Reuters correspondents with local knowledge help visitors get the most from a short visit to the Malaysian capital.
FRIDAY
6 p.m. – When the sun sets, Kuala Lumpur’s Chinatown comes to life. Under Petaling Street’s red glow, take in the steamy smells of Malaysian [...]
UPDATE 4-Tiffany profit falls; stock down as outlook same
* Q1 EPS $0.20; Wall Street view $0.21
* Q1 sales down 22 pct to $523.1 million
* Leaves weak full-year EPS view unchanged
* Shares down 3.3 percent (Adds analyst and executive comments, background; updates share activity)
By Aarthi Sivaraman
NEW YORK, May 29 (Reuters) – Tiffany & Co (TIF.N) posted a [...]
HEADLINE STOCKS-U.S. stocks to watch on May 29
(Updates prices, adds Sealed Air Corp, Oracle Corp, News Corp) NEW YORK, May 29 (Reuters) – Some U.S. stocks to watch on Friday: SEALED AIR CORP (SEE.N) Shares of Sealed Air Corp (SEE.N) fell 1.9 percent to $19.73 after Goldman Sachs downgraded the stock of the packaging products maker to “sell” from “neutral,” saying [...]
WRAPUP 2-Costco profit just misses view; Big Lots tops
* Costco Q3 EPS $0.52 vs Wall Street view $0.53
* Costco sales down about 5 pct ex membership fees
* Big Lots Q1 EPS $0.44 vs. Street view $0.40
* Big Lots ups full-year forecast
* Costco shares fall 4.5 pct; Big Lots down 3.3 pct (Adds analyst, exec quotes, byline, updates [...]
Costco net falls on weak discretionary spending
(Reuters) – Costco Wholesale Corp on Thursday said its third-quarter net profit fell 29 percent, as shoppers stuck to buying basics like food and medicine, and pared back discretionary purchases of clothes or jewelry.
Costco, the No.1 U.S. warehouse club, said its profit was $209.6 million, or 48 cents a share, for its fiscal third quarter [...]