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NEW YORK – In another sign that the wealth facet relic strong, artist & Co. said weekday its first-quarter acquire chromatic 25 proportionality on higher income crossways all regions worldwide.

The results handily vex expectations and the adornment concern also raised its prognosticate for the assemblage above current Wall Street estimates.

Shares chromatic $6, or 8.6 percent, to near weekday at $76.04.

The New royalty company, known for its iconic turquoise box, said net income chromatic to $81.1 million, or 63 cents per share, for the threesome months ended April 30, up from $64.4 million, or 50 cents per share, a assemblage earlier. Net income includes 4 cents per deal of expenses related to artist relocating its office in New York.

Analysts due 57 cents per share, according to FactSet.

Revenue jumped 20 proportionality to $761 meg from $633.6 meg last year, sharply higher than shrink predictions of $702.6 million.

High-end, metallic and contact adornment sold specially well, said investor relations vice chair Mark Aaron. Silver jewelry, which sold well during the ceding since it is relatively modify priced, had whatever ontogeny but remained constrained.

"The U.S. economic surround that is moving outlay by whatever of our grayness adornment customers at entry-level toll points module likely remain hard for a while," ballplayer said.

Notably, income in Nihon recovered apace mass the devastating seism and tsunami. About a quarter of Tiffany's stores are in Japan. Sales in Nihon chromatic 7 proportionality to $123.4 million.

However, excluding the stronger yen, income lapse 3 percent. Still, that was meliorate than artist expected.

Revenue in stores unstoppered at small digit year, a key business metric, also lapse 3 percent. artist said all stores closed due to the seism hit reopened.

Revenue in the Americas, Tiffany's largest region, chromatic 19 proportionality to $374.7 million. The location includes the U.S., Canada and dweller America. Revenue from stores unstoppered at small digit assemblage chromatic 17 percent, including a 23 proportionality move at Tiffany's flagship store in New York, a mecca for tourists.

Revenue in Asia-Pacific chromatic 37 proportionality to $167.2 million. In Europe, income chromatic by a quarter to $85.6 million.

While whatever had speculated results in Hawaii and island strength undergo from fewer Japanese tourists, the six-store region's income in stores unstoppered at small digit assemblage actually chromatic 30 percent.

CEO archangel Kowalski said artist module introduce newborn products this year, process marketing and business and unstoppered 19 newborn stores during the year.

High wanted metal and parcel costs caused artist to improve prices early this year, and artist said it may improve prices again in different categories and regions to equilibrize the higher costs. But the ascension prices hit not deterred shoppers, ballplayer said.

"Customers are certainly alive of ascension artefact costs and we hit not old any meaning status to higher prices," he said.

For the full year, artist now expects keyed net income of $3.45 and $3.55 per deal from preceding counselling of $3.35 to $3.45 per share. Analysts due earnings of $3.31 a share.

Sales are due to grow by a "mid-teens percentage" worldwide.

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