News Summary: Tiffany's 3Q profit soars 50 pct

Staff Writer
Columbus CEO

SPARKLING RESULTS: Tiffany & Co. said that its earnings climbed 50 percent to $94.6 million, or 73 cents per share, in the third quarter. Revenue rose 7 percent to $911.5 million. Its earnings beat Wall Street expectations.

THE DETAILS: The results were boosted by surging Asia-Pacific sales, which rose 27 percent. Sales in the Americas climbed 4 percent, while European sales climbed 7 percent.

HOLIDAY MESSAGE?: The jewelry chain's results show that the affluent continue to spend, bolstered by a stock market that is reaching new highs.