Tiffany & Co. (TIF) reported third quarter EPS of $0.33 Wednesday morning, which topped the consensus estimate of $0.24. The company also increased its full year 2009 earnings from continuing operations forecast to between $1.88 and $1.98 per share, from the prior expectations of $1.65 to $1.75 per share.
Tiffany & Co. gapped up sharply Wednesday, but traded in a narrow range for the majority of the session. Shares closed up by $2.06 at $43.89 on the highest volume in 3 months. The stock rose above a 2 1/2 week range and set a new high for the year.
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