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What to Expect When Tiffany (TIF) Reports Q2 Results

NEW YORK (TheStreet) -- Shares of Tiffany (TIF) were advancing mid-afternoon Tuesday ahead of the company's 2016 second quarter results, due out before Thursday's opening bell.

Analysts surveyed by Thomson Reuters estimate that the New York-based luxury jewelry retailer will post earnings of 72 cents per share on revenue of $934.7 million.

During the same period last year, Tiffany earned 86 cents per diluted share on revenue of $990.5 million.

Earnings fell 7% in the 2016 first quarter. Tiffany projects that earnings in the second quarter will...