Victor J. Blue | Bloomberg | Getty Images– Tiffany earned $1.12 per share for its latest quarter, beating estimates by 8 cents. Revenue and comparable stores were below estimates, but the luxury goods retailer reported double-digit growth in mainland China and also maintained its full-year sales and earnings outlook.– The watch maker reported adjusted quarterly earnings of 36 cents per share, missing the consensus estimate of 50 cents, and revenue also fell below Wall Street forecasts.
– In what Deutsche Bank labels a "catalyst call", it is recommending investors buy shares in the airline, saying a 15% pullback over the past three weeks provides an attractive entry point. It also notes that JetBlue has a good balance sheet and solid market position.– HPE reported adjusted quarterly profit of 45 cents per share, 5 cents above estimates, though the enterprise technology company did see revenue come in slightly below estimates.
Ask yourself, how many folks holding 2-3 jobs to make ends meet make purchases at: Tiffany, Movado, travel on JetBlue or subscribe to Autodesk?
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