Tiffany plunges as growth slows on weak Chinese tourist spending

TIFFANY & CO. reported that third quarter net earnings were $94.9 million, a 5.6 percent decline year over year. / BLOOMBERG NEWS FILE PHOTO/PATRICK T. FALLON
TIFFANY & CO. reported that third-quarter net earnings were $94.9 million, a 5.6 percent decline year over year. / BLOOMBERG NEWS FILE PHOTO/PATRICK T. FALLON
NEW YORK - Tiffany & Co.’s revitalization efforts hit a snag in the third quarter as the luxury jeweler reported lower spending by tourists, sapping momentum ahead of the critical holiday period. The shares fell as much as 13 percent in pre-market trading. Same-store sales rose 3 percent in the third quarter on a constant…

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