Tiffany's profit spikes (TIF)
(Reuters) - Tiffany & Co reported an 8.8 percent rise in quarterly profit on Thursday, helped by lower product input costs and more sales of higher-margin jewelry.
The company's net sales rose to $959.7 million in the second quarter ended July 31, from $931.6 million a year earlier.
Net income rose to $115 million, or 92 cents per share, in the reported quarter, from $105.7 million, or 84 cents per share, a year earlier. (Reporting by Gayathree Ganesan in Bengaluru; Editing by Shounak Dasgupta)
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