Tiffany (NYSE: TIF) reported earnings on Aug. 27. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended July 31 (Q2), Tiffany met expectations on revenues and met expectations on earnings per share.

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

Gross margins contracted, operating margins contracted, net margins expanded.

Revenue details
Tiffany booked revenue of $886.6 million. The 20 analysts polled by S&P Capital IQ foresaw sales of $892.8 million on the same basis. GAAP reported sales were 1.6% higher than the prior-year quarter's $872.7 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 $0.72. The 20 earnings estimates compiled by S&P Capital IQ averaged $0.73 per share. GAAP EPS of $0.72 for Q2 were 4.3% higher than the prior-year quarter's $0.69 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 56.3%, 270 basis points worse than the prior-year quarter. Operating margin was 17.4%, 270 basis points worse than the prior-year quarter. Net margin was 10.4%, 10 basis points better than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $859.3 million. On the bottom line, the average EPS estimate is $0.64.

Next year's average estimate for revenue is $3.87 billion. The average EPS estimate is $3.61.

Investor sentiment
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 595 members out of 760 rating the stock outperform, and 165 members rating it underperform. Among 215 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 177 give Tiffany a green thumbs-up, and 38 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 $67.43.

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