Tiffany & Co. (TIF) released its third quarter financial results before the opening bell on Tuesday, posting results that missed analysts’ views.
Inside TIF’s Q3 Results
Earnings
TIF posted earnings of $38.27 million, or 29 cents per share, down from $94.61 million, or 73 cents per share, in the year prior. On average, analysts expected to see earnings of 77 cents per share.
Revenue
Revenue increased 5% to $959.59 million from $911.48 million last year. Analysts expected to see revenue of $968.86 million.
Outlook
Looking forward, the company expects to see FY2014 between $4.20 and $4.30 per share. On average, analysts expect to see earnings of $4.34 per share.
Mutual Funds to Watch
Investors interested in gaining exposure to Tiffany & Co. may also want to consider a mutual fund as an alternative. Below are three mutual funds with the largest stakes in TIF.
| Symbol | Mutual Fund | Stake |
|---|---|---|
| HACAX | Harbor Capital Appreciation | 2.22% |
| VMCIX | Vanguard Mid Cap Index | 1.47% |
| VTSMX | Vanguard Total Stock Market Index | 1.41% |
The Bottom Line
By investing in one of the mutual funds above, investors will gain exposure to a broad range of securities and industries.
Investors interested in stocks similar to TIF may also want to consider Signet Jewelers (SIG)