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Tiffany & Co (TIF) outlook comes in above estimates

 Mar 24, 2008 05:14 PM UTC
Symbol Sentiment Start Return Closed
TIF Positive 03/24/08 +41.11% --

Tiffany & Co. (NYSE: TIF) shares are rising today after the company issued a positive outlook for 2008. TIF forecast 2008 net income between $2.50 and $2.55 per share, based on an anticipated 10% gain in worldwide sales. This is in line with analyst estimates of a $2.50 per share profit for 2008. If you think that the company won't fall by too much in the coming months, then now could be a good time to look at a bullish hedged trade on TIF.


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