Strong Asia Pacific sales help Tiffany

TIFFANY and Co's third-quarter net income climbed 50 per cent, buoyed by strong sales in the Asia-Pacific region.

The company's results topped Wall Street's view, and the luxury retailer raised its full-year adjusted earnings forecast.

Its shares climbed 6 per cent in premarket trading.

The jewellery chain earned $US94.6 million ($A103.6 million), or 73 cents per share, for the three months ending on October 31.

That compares with $US63.2 million, or 49 cents per share, a year ago.

Revenue rose 7 per cent to $US911.5 million from $US852.7 million, with Asia-Pacific sales up 27 per cent.

Analysts polled by FactSet expected earnings of 58 cents per share on revenue of $US888.4 million.

Revenue at stores open at least a year, a key indicator of a retailer's health, increased 7 per cent.

Analysts projected a 4.5 per cent increase.

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