27.05.2015 - We forecast growth of stocks Tiffany & Co's
Earnings and revenue of Tiffany & Co's fell less than expected in the first quarter. Foreign company's earnings were under negative influence of the strong dollar. Sales in Japan also declined due to the unfavorable economic situation. As a result, for the quarter ended April 30 totaled 104.9 million compared to $ 125.6 million for the same period last year. We recall that the company had forecasted profit decline of 30%. Sales fell by 962.4 million or 4.9%. We expect a rise in the price of shares in connection with the forecast of revenue growth this year. The growth potential of up to 30%.