WASHINGTON (dpa-AFX) - After gapping open sharply lower, shares of Tiffany (TIF) remain firmly in negative territory in late-day trading on Wednesday. Tiffany is currently down by 8.9 percent after hitting a three-month intraday low.
The initial sell-off by Tiffany came after the luxury goods retailer reported better than expected first quarter earnings but on weaker than expected sales.
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