Tiffany Expecting Sparkling Third Quarter

Tiffany & Co. (New York) announced higher expectations for its third-quarter earnings than predicted a year ago. The retailer forecasted sales would increase about 15 percent over 1999 results. Instead, the company proposed an estimate of at least 21cents a diluted share — a 40 percent increase over last year's third quarter.

According to First Call/Thomson Financial, analysts predict Tiffany will report a 20-cent profit per share. The company will post results on Nov. 15.