Tiffany closed the fourth quarter of 2013 with a loss of 103,6 million dollars, compared to the profit of 179,6 million recorded in the same period of the previous year. On the accounts of the luxury group, the maxi-compensation to Swatch.
As for Tiffany's revenues, they increased to $1,30 billion from $1,24 billion a year earlier, while adjusted EPS stood at $1,47. Analysts had forecast EPS of $1,51 on revenues of $1,30 billion. The company expects to close 2014 with earnings per share of $4,05-4,15. The outlook is lower than expected.
