By  on August 27, 2012

NEW YORK — Tiffany & Co. cut its profit guidance for the second quarter in a row Monday, but the company expects growth to pick up again by the end of the year.

That silver lining sent shares of the upscale jeweler up 7.2 percent to $62.71, even though the retailer missed Wall Street’s second-quarter earnings per share projections by a penny.

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