Shares of Tiffany and Co. (NYSE: TIF) fell nearly 3% today as traders prepared for tomorrow's third quarter earnings release. The company is scheduled to report its recent quarterly numbers tomorrow morning before the opening bell.When the company announces its earnings, analysts are expecting to see earnings of 25 cents per share. The last time that the company reported was back on August 30 when it reported 45 cents a share for its second quarter, easily beating analyst estimates of 34 cents.
One analyst, David Schick from Stifel Nicolaus & Co., told investors in a research note that he expected a good quarter from Tiffany's. He cited the currently weak dollar as the main reason, stating that the weak dollar should result in strong U.S. sales of new products, and foreign tourism. Schick currently has a "buy" rating on the stock.
For a quick-read on the U.S. economy, check the price of gasoline
Closing Bell: What Friday 13th curse? (ANF, BA, GENZ, DIS, PALM, PLA)
Cramer on BloggingStocks: Recognize the ludicrous pattern
