Tiffany & Co's third-quarter results miss Wall Street expectations
by Associated Press from on (#VKKP)
Luxury jeweler lowers full-year earnings guidance as uncertain economic and market conditions in the US and other regions impact consumer spending
A strong dollar and economic uncertainty tarnished Tiffany's third-quarter results. The luxury jeweler also lowered its full-year earnings guidance.
Frederic Cumenal, chief executive officer, said in a statement that the strong dollar pressured its results when having to translate foreign sales into US dollars and on foreign tourist spending in the US.
Related: Strong US dollar could be scaring away the tourists
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