Tiffany (NYSE: TIF) reported earnings on May 24. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended April 30 (Q1), Tiffany met expectations on revenues and missed estimates on earnings per share.

Compared to the prior-year quarter, revenue grew and GAAP earnings per share increased.

Margins dropped across the board.

Revenue details
Tiffany reported revenue of $819.2 million. The 17 analysts polled by S&P Capital IQ hoped for a top line of $816.5 million on the same basis. GAAP reported sales were 7.6% higher than the prior-year quarter's $761.0 million.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
EPS came in at $0.64. The 19 earnings estimates compiled by S&P Capital IQ predicted $0.69 per share. GAAP EPS of $0.64 for Q1 were 1.6% higher than the prior-year quarter's $0.63 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
For the quarter, gross margin was 57.3%, 100 basis points worse than the prior-year quarter. Operating margin was 16.5%, 140 basis points worse than the prior-year quarter. Net margin was 10.0%, 70 basis points worse than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $898.6 million. On the bottom line, the average EPS estimate is $0.75.

Next year's average estimate for revenue is $3.90 billion. The average EPS estimate is $3.73.

Investor sentiment
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 576 members out of 735 rating the stock outperform, and 159 members rating it underperform. Among 205 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 174 give Tiffany a green thumbs-up, and 31 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Tiffany is outperform, with an average price target of $74.51.

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