Tiffany & Co. (TIF) reported first quarter adjusted EPS of $0.70 Tuesday morning, which topped the consensus estimate of $0.52. Full year 2013 EPS is expected to be between $3.43 and $3.53, compared to the consensus estimate of $3.48.
Tiffany gapped up sharply Tuesday, but traded in a range for the majority of the session. The stock closed up by 3.01 at $79.22 on above average volume and set a new high for the year.
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