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Luxury Still Sales

 (Image source: acadianabusiness)

Tiffany & Co. (NYSE:TIF) reported great third quarter earnings. Profits driving largely by a 27 percent increase in sales from Asia came in 15 cents above estimates. In addition, revenue exceeded street expectations by $21.50 billion. Compared to the same quarter a year ago, profits are up $31.40 million. Same store sales also saw a 7 percent rise. The Asia-Pacific region was a gold mine for the company. I guess consumers worldwide are choosing luxury.  As a result of the stellar earnings, the 2014 EPS outlook was lifted to a range of $3.65 to $3.75. Shares in Tiffany are climbing above 7 percent on the earnings report.