Tiffany & Co. said its normalized net income for the fiscal third quarter ended Oct. 31 came to 74 cents per share, compared with the S&P Capital IQ consensus estimate of 77 cents per share.
EPS increased 8.8% year over year from 68 cents.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $95.7 million, a gain of 9.6% from $87.3 million in the prior-year period.
The normalized profit margin climbed to 10.0% from 9.6% in the year-earlier period.
Total revenue grew 5.3% year over year to $959.6 million from $911.5 million, and total operating expenses grew from the prior-year period to $791.1 million from $757.9 million.
Reported net income fell 60.0% year over year to $37.7 million, or 29 cents per share, from $94.2 million, or 73 cents per share.
