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Tiffany shines in the first quarter

By Mae Anderson
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Tiffany shines in the first quarter

NEW YORK (AP) — Tiffany & Co.’s net income spiked 50 percent in the first quarter as worldwide sales jumped by double digits and the company boosted prices.

Results beat expectations and the jeweler raised its earnings guidance for the year, sending shares up nearly 9 percent in early trading Wednesday.

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