Nov 24, 2015

Strong dollar pressures Tiffany in 3rd quarter

NEW YORK (AP) — Tiffany's fiscal third-quarter results missed analysts' estimates, hampered by a strong dollar and uncertain economic conditions. The luxury jeweler also lowered its full-year earnings guidance. Its shares fell more than 5 percent in premarket trading Tuesday. CEO Frederic Cumenal said in a statement that the strong dollar pressured its results when having to translate foreign...

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