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Stock Market & Financial Investment News

News Breaks
January 10, 2013
11:32 EDTTIF, KORS, COHTiffany guidance, weak holiday sales drag on luxury peers
Earlier today, Tiffany & Co. (TIF) issued disappointing FY12 EPS guidance, indicating that results would come in at the lower end of its $3.20-$3.40 range, versus consensus of $3.26. The company also reported its holiday same-store sales were unchanged from a year ago. It said it was planning for sales to grow “conservatively” for 2013, accompanied by net earnings growth of 6%-9%. The news comes amid several recent reports indicating poor holiday sales for major retailers which are likely to adversely affect profit margins. In late morning trading, Tiffany shares are down about 3.4% to $61.09, but had been down as much as 7% shortly after the open. Other luxury retailers are falling in sympathy, with Coach (COH) down about 2% and Michael Kors (KORS) off by nearly 3%.
News For TIF;COH;KORS From The Last 14 Days
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April 15, 2014
12:01 EDTKORSMichael Kors announces eyewear license with Luxottica
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10:00 EDTTIFOn The Fly: Analyst Upgrade Summary
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09:42 EDTKORSMichael Kors growth story may be showing signs of cracks, Herb Greenberg says
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08:47 EDTTIFTiffany China business poised to continue growth, says Sterne Agee
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08:19 EDTTIFTiffany upgraded to Overweight from Equal Weight at Stephens
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April 11, 2014
08:12 EDTTIFTiffany announces General Counsel to retire
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April 10, 2014
14:26 EDTKORSMichael Kors volatility stays flat on wide price movement
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April 9, 2014
09:20 EDTTIFBofA/Merrill's retail analysts hold an analyst/industry conference call
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