Tiffany & Co. earnings fall 16%

Tiffany & Co. on Monday said its fourth-quarter earnings fell almost 16%, hurt by one-time charges, but the jewelry retailer’s adjusted results still beat analyst expectations.

Tiffany earned $118.3 million, or 89 cents a share, in the quarter ended Jan. 31, down from $140.5 million, or $1.02, a year ago. Excluding one-time charges, profit was $1.27 a share, above the $1.21 analysts surveyed by Thomson Financial expected.