Earnings News: Tiffany & Co. (TIF), DSW Inc. (DSW)

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Tiffany & Co. (NYSE: TIF) reported second quarter earnings excluding items of 83 cents per share on revenue of $925.9 million, compared with 72 cents a share on revenue of $887 million a year earlier.

In addition, the company increased its full-year outlook to $3.50-$3.60 a share, compared with a previous estimate of $3.43-$3.53 a share.

On Tuesday, shares of Tiffany & Co. fell 1.43 percent to $80.50 in afternoon trading.

DSW Inc. (NYSE: DSW) issued second quarter adjusted net income of $44.6 million, or 97 cents per share, while it totaled $30.1 million or 66 cents per share in the year-ago quarter.

The retailer’s sales increased 9.7 percent to $562.06 million, from $512.22 million a year earlier. The company also raised its full-year earnings guidance to a range of $3.60 to $3.80 a share.

Shares of DSW Inc. climbed 7.97 percent to $87.80 in afternoon trading.

The Dow Jones industrial average dropped 115.55 points or 0.77 percent, to 14,380.91. The S&P 500 lost 17.67 points or 1.07 percent, to 1,639.04. The Nasdaq Composite dropped 55.05 points or 1.51 percent, to 3,602.38.

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