Tiffany & Co profit soars +63 percent in Q3

Tiffany & Co. posted third quarter sales increase by 20.5 percent VS the same period in 2010 to $821.8 million for the three months that ended on October 31. The Net earnings jumped 62.8 percent to $89.7 million. Tiffany’s results show the luxury shopper is continuing to spend freely. That segment has rebounded more quickly from the recession than others. Sales rose in all regions, including a 17 percent increase in the Americas and a 44 percent rise in Asia-Pacific.