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Tiffany raises profit forecast

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Tiffany raises profit forecast

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Jewellery retailer Tiffany & Co. has announced profit for the third quarter that surpassed analysts’ expectations.

Global sales rose 7 percent during the three months to October 31 of $911.5 million (approximately 673 million euros).

Tiffany said shoppers in the US and China had been the key drivers of those strong sales figures.

The bumper few months has led the firm to raise its profit forecast for the full-year.