Tiffany (NYSE: TIF) reported earnings on May 28. Here are the numbers you need to know.

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

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

Margins dropped across the board.

Revenue details
 Tiffany recorded revenue of $895.5 million. The 18 analysts polled by S&P Capital IQ expected revenue of $855.4 million on the same basis. GAAP reported sales were 9.3% higher than the prior-year quarter's $819.2 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 $0.70. The 20 earnings estimates compiled by S&P Capital IQ forecast $0.52 per share. Non-GAAP EPS of $0.70 for Q1 were 9.4% higher than the prior-year quarter's $0.64 per share. GAAP EPS of $0.65 for Q1 were 1.6% higher than the prior-year quarter's $0.64 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 56.2%, 110 basis points worse than the prior-year quarter. Operating margin was 15.8%, 70 basis points worse than the prior-year quarter. Net margin was 9.3%, 70 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
 Next quarter's average estimate for revenue is $949.2 million. On the bottom line, the average EPS estimate is $0.77.

Next year's average estimate for revenue is $4.01 billion. The average EPS estimate is $3.48.

Investor sentiment
 The stock has a two-star rating (out of five) at Motley Fool CAPS, with 583 members out of 748 rating the stock outperform, and 165 members rating it underperform. Among 209 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 181 give Tiffany a green thumbs-up, and 28 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Tiffany is hold, with an average price target of $71.74.

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