By  on May 28, 2013

Shares of Tiffany & Co. rose 4 percent to $79.22 Tuesday as the New York-based retailer topped Wall Street’s first-quarter earnings and sales projections.

Although robust global sales, which were anchored by strength in its Asia-Pacific region, propped up the luxe jeweler’s financials, the company maintained a cautious stance, citing economic instability in the Americas and a weaker Japanese yen.

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