Tiffany Shares Rose Nearly 11%, Net Profit Exceeded Expectations.

America's number one jeweler

&Co. (NYSE:TIF) released the first quarter of 2015 (up to April 30th) financial report.

Thanks to strong demand from TiffanyT's new jewellery, as well as sales in the Americas and Europe, sales and net profits in the first quarter were better than expected, boosting the stock price by 10.53% this Wednesday.

According to reports, the first quarter earnings information is as follows:

The decrease was 5% to 962 million 400 thousand US dollars compared with the same period, which is better than the 10% decline expected by Tiffany&Co. in March.

Actual sales are also higher than analysts' expectations of $918 million 700 thousand.

Among them,

Sales grew by 1% to $444 million compared to the same period last year, and Europe grew by 2% over the same period last year.

The continued strength of the US dollar has restricted the consumption of foreign tourists in American stores, while overseas sales have also decreased.

Comparable sales fell by 7% over the same period last year, down from 9% of analysts surveyed by ConsensusMetrix.

Among them, comparable sales in the Americas decreased by 1% compared with the same period last year, while Europe dropped 2% compared to the same period last year, all better than the 4.9% and 11.6% decline forecast by analysts.

Net profit fell from $125 million 600 thousand to $104 million 900 thousand, and diluted earnings per share dropped from $0.97 to $0.81, but still significantly higher than analysts' expectations of $0.7.

Tiffany&Co. shares rose 10.53% on Wednesday, closing at $94.54.