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Tiffany's quarterly sales, profits rise

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Due, in part, to higher demand for its fashion and designer jewelry in Japan, Tiffany & Co. reported higher revenue and net income.

Sales increased 3 percent to $959.7 million, while net income rose to $115 million from $105.7 million a year earlier. Earnings per sahre were 92 cents.

On average, analysts expected revenue of $930.3 million and earnings of 84 cents per share.

Read more from Reuters.

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