Tiffany profit misses estimates as currency weighs on sales

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01-Sep-2015

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Tiffany & Co. posted second-quarter profit that missed analysts’ estimates after currency fluctuations took a bite out of international revenue. Profit was 86 cents a share, excluding some items, the New York-based company said in a statement. Analysts had estimated 91 cents on average. A strong US dollar has lowered the value of the Tiffany’s sales overseas.

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