Tiffany & Co (TIF) Stock Price Leaps 7% After Luxury Retailer’s Q1 Sales Get Boost From Gold Fashion, Statement Jewelry

Shares of Tiffany & Co. (NYSE:TIF) jumped 7 percent Wednesday after the luxury jeweler posted earnings and revenue that topped Wall Street forecasts, driven by a boost in sales of gold fashion jewelry and statement jewelry. The New York-based company, whose merchandise offerings include an extensive selection of jewelry, sterling silverware, crystal and fragrances, also maintained its outlook for the year, despite challenges due to a strong U.S. dollar.

from International Business Times http://ift.tt/1Bp0Maf