Upscale jeweler Tiffany reported an unexpected rise in second-quarter profit, driven by lower raw material costs, price hikes and the sale of more high-margin jewelry.The company’s shares rose 4.5 percent to $72 in premarket trading on Thursday.Tiffany’s net income inched up to $105.7 million, or 84 cents per share, in the quarter ended July 31 from $104.9 million, or 81 cents per share, a year earlier.Analysts on average were expecting profit to drop to $89.8 million, or 72 cents per share, according to Thomson Reuters I/B/E/S.The company’s selling, general and administrative costs fell 4.3 percent to $402.2 million, helped by lower marketing costs. Its gross margin increased to 61.9 percent from 59.9 percent.
Whether you’re a whisky lover or just an ordinary man, you should admit that we all enjoy a little treat from time to time. The taste of a good whisky, flourishing in our mouths, sometimes it’s worth millions…. literally.
If you’re one of the lucky (or rich) folks that have tried some of the pieces of art on our list, we must say we’re impressed and… a little bit jealous of you. Here’s our compilation of the most expensive whiskies in the world to get your mind blown.
The world’s largest retailer Wal-Mart got even bigger during the second quarter, as the company’s revenue and earnings topped Wall Street forecasts, and it reported its biggest same-store sales gain in four years. Wal-Mart shares were up nearly 2 percent in early trading, at about $74, after briefly touching a 52-week high of $75.19. The discount chain earned $1.07 a share in the fiscal second quarter, slightly lower than last year’s $1.08 a share. Revenue grew 0.5 percent to $120.85 billion. Analysts had expected Wal-Mart to report earnings of $1.02 a share on $120.16 billion in revenue, according to a Thomson Reuters consensus estimate.
As head of the central bank, which controls short-term interest rates, he has important influence over the nation’s currency value. Traders scrutinize his speeches as they are often used to drop subtle clues regarding future monetary policy and interest rate shifts.
Google‘s new application Duo is simply a video-calling service that allows you to connect with your loved ones on your phone. Alongside with Allo, Google is halfway through the release of the four apps announced at the I/O conference back in May this year.
Delta Air Lines got through power outrage on Monday that crashed its computer system, causing the cancellation of about 1,000 flights. On Tuesday, they said they’re also cancelling some extra 250 flights.
The Reserve Bank of India decided to keep it’s benchmark repurchase rate at 6,5%. After the governor said that the bank’s policy stance would remain accommodative, yields on Indian bonds fell sharply.
Disney posted third-quarter earnings of $1.62 per share on $14.28 billion in revenue, that beat the expectations of analysts. Thomson Reuters’ consensus estimate called for earnings of $1.61 per share on revenue of $14.15 billion.