Tiffany Q3 Profit Jumps, Lowers Q4 Outlook

Tiffany & Co. reported profit for the quarter ended Oct. 31 surged 63 percent to $89.7 million compared with $55.1 million in the year-ago period. Rising global sales propelled the strong performance, but the jeweler cautioned that fourth quarter earnings, which include the key holiday selling season, could fall below expectations.