By  on August 27, 2010

Shares of Tiffany & Co. fell more than 3 percent Friday after the upscale jeweler reported second-quarter earnings that met analysts’ expectations but revenues that fell considerably short of them.

Net income for the three months ended July 31 rose 19.2 percent to $67.7 million, or 53 cents a diluted share, from $56.8 million, or 46 cents, in the year-ago quarter. Sales climbed 9.2 percent to $668.8 million from $612.5 million.

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