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Market Update : 
Tiffany's Profit up
Author: Elena Todorova
123jump.com
Last Update: 10:11 AM EDT May 31 2006



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Stocks moved higher at opening, helped by bargain hunting. Trading was subdued as investors awaited the release of the FOMC meeting minutes, expected to give a clue about further interest-rate hikes. In earnings news, Tiffany & Co, jewelry retailer, reported that Q1 earnings advanced to 30 cents a share, from 27 cents a share a year ago, beating estimates of 28 cents. Revenue advanced 6%.

 

 

 

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