By  on August 27, 2014

Shares of Tiffany & Co. moved higher Wednesday after the luxury jewelry retailer posted second-quarter profits that beat Wall Street’s expectations by 11 cents and raised full-year guidance by 5 cents a share.

For the three months ended July 31, net income gained 16.2 percent to $124.1 million, or 96 cents a diluted share, from $106.8 million, or 83 cents, a year ago. Wall Street was expecting 85 cents a share.

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