While analysts expected earnings to total 69 cents a share, Tiffany’s reported a company profit of onl $81.5 million, or 64 cents a share. Additionally, compared to last years earnings of $81.1, or 63 cents per share, Tiffany’s slow growth highlights the lack of spending on price sensitive goods. Moreover, Tiffany’s reported that their revenue increased by 8% to $817 million. However, sales fell below analysts estimates at $819.2 million. Finally, Tiffany’s lowered their 2012 EPS to $3.70 to $3.80, well below analyst expectations of $3.97. Previously, the company forecast earnings per share of $3.95 to $4.05.
