

Tiffany’s Earnings Were Awful. Here’s Why the Stock Is Holding Its Ground.

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Tiffany stock is holding its ground despite worse-than-expected news about earnings as investors focus on a comment by the jeweler suggesting that its acquisition by LVMH Moët Hennessy Louis Vuitton hasn’t been derailed by the coronavirus pandemic.

The company said it lost 53 cents a share from revenue of $555.5 million, while analysts were predicting a loss of nine cents a share, and revenue of $653.97 million.