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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: Jim McMannis who wrote (45103)	11/17/1999 6:47:00 AM
From: long-gone	Read Replies (1) \| Respond to of 116753

& the #1 use of gold is: Tuesday November 16, 2:06 pm Eastern Time Tiffany profits driven by higher sales margins NEW YORK, Nov 16 (Reuters) - Tiffany & Co. (NYSE:TIF - news) said on Tuesday that strong sales growth at its U.S. and Japan-based jewelry stores and higher margins pushed profits up 81 percent, easily topping earnings estimates. Tiffany earned $22 million, or 29 cents a share, for the quarter ended Oct. 31, compared with $12.1 million, or 17 cents, in the 1998 quarter. Securities analysts expected Tiffany to earn 25 cents. Earnings per share reflect a two-for-one split of the company's common stock in July 1999. Third-quarter net sales rose 28 percent to $322.7 million, compared with $252.6 million in the prior year. Gross profits during the quarter increased to $181.5 million from $138.6 million. U.S. retail sales increased 28 percent to $161.5 million, while sales at stores open more than a year increased 22 percent during the quarter. International retail sales rose 31 percent to $132.9 million. Sales at stores opened more than a year in Japan increased 10 percent. The company also encountered growth in other Asia-Pacific and European markets.(cont) biz.yahoo.com