Tiffany sales trail estimates on weaker demand from tourists

TIFFANY & CO. posted first-quarter sales that missed analysts’ estimates. / BLOOMBERG NEWS FILE/DAVID PAUL MORRIS
TIFFANY & CO. posted first-quarter sales that missed analysts’ estimates. / BLOOMBERG NEWS FILE/DAVID PAUL MORRIS
NEW YORK - Tiffany & Co., the luxury jewelry retailer, posted first-quarter sales that missed analysts’ estimates, hurt by weak demand from tourists and domestic U.S. consumers. Revenue fell 7.4 percent to $891.3 million in the quarter through April 30, the company said Wednesday in a statement. Analysts had estimated $915 million, on average. Profit…

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