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Tiffany & Co. (TIF) Is Losing Ground After Q1 Sales Disappoint

Tiffany & Co. (TIF) reported first quarter EPS of $0.74 Wednesday morning, up from $0.69 a year ago. Sales rose 1% to $899.6 million from $891.3 million last year. The consensus estimates were for EPS of $0.70 and revenues of $913.44 million.

Tiffany gapped open sharply lower Wednesday morning and is now down 8.23 at $84.91. The stock has tumbled to over a 3-month low.

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