Earnings Roundup

Tiffany & Co TIF reported a decline in its Q4 profit. However, the company issued upbeat forecast for the current year. Tiffany projects fiscal-year revenue to rise 10%. It projects a profit of between $3.95 and $4.05 per share. However, analysts were expecting earnings of $3.93 per share. Tiffany posted its quarterly net income at $178.4 million, or $1.39 per share, versus $181.2 million, or $1.41 per share, in the year-ago period. However, analysts were expecting a profit of $1.42 per share. Tiffany's quarterly net sales climbed 7%, excluding the impact of currency fluctuations. However, sales at stores open at least a year gained 5%. DSW Inc DSW posted a better-than-expected fourth-quarter profit. DSW's quarterly profit climbed to $19.4 million, or $0.37 per share, from $0.2 million, or $0.01 per share, in the year-ago period. Excluding items, DSW earned $0.51 per share. Its revenue climbed around 10% to $513.7 million. However, analysts were expecting earnings of $0.49 per share on revenue of $511.2 million. DSW's same-store sales surged 5.6%. DSW projects 2012 earnings of $3.20 to $3.35 per share, versus analysts' estimates of $3.31 per share. Jefferies Group Inc JEF reported a decline in its first-quarter profit. Jefferies' quarterly profit dropped to $77.1 million, or $0.33 per share, from $87.3 million, or $0.42 per share, in the year-earlier period. Its net revenue climbed to $758.1 million, versus just under $742 million. However, analysts were expecting earnings of $0.28 per share. JA Solar Holdings Co Ltd JASO posted a loss in the fourth quarter. JA Solar posted a quarterly net loss of $68.2 million, or $0.39 per American Depositary Share (ADS), versus a year-ago profit of $118.7 million, or $0.59 per ADS. JA Solar's revenue dropped 47% to $309.1 million. Endeavour Silver Corp EXK reported a loss in the fourth quarter. Endeavour Silver posted a quarterly net loss of $1.8 million, versus a year-ago net loss of $14.3 million. On an adjusted basis, Endeavour Silver posted a loss of $1.5 million, or $0.03 per share, versus a year-ago profit of $6.8 million, or $0.09 per share. Endeavour Silver's revenue dropped 39% to $17.5 million. Acorn International Inc ATV reported a Q4 loss at $0.03 per share. Its net revenue surged 23.5% y/y to $87.5 million, from $70.8 million. China Telecom Corp CHA reported a 7.5% rise in its 2011 net profit. China Telecom's net profit for the period rose to CNY16.50 billion, from CNY15.35 billion, in the year-ago period. However, analysts were expecting a net profit of CNY17.69 billion. China Telecom's revenue climbed 12% to CNY245.04 billion from CNY219.86 billion, versus analysts' estimates of CNY243.86 billion. China Telecom also recommended a final dividend of HK$0.085 per share. Gem Diamonds Ltd GMDMF reported a rise in its 2012 profit. For the full-year, Gem Diamonds posted a pretax profit at $155.7 million, versus $54.5 million, in the year-ago period. Attributable profit surged to $67.7 million from $20.2 million. Gem Diamonds' letseng production climbed 24% to 112,367 carats. Metro AG MTTRY reported a drop in its full-year profit. Metro's adjusted EBIT for the period fell to EUR2.37 billion, from EUR2.42 billion in 2010, versus analysts' estimates of EUR2.36 billion. Its net profit dropped to EUR631 million from EUR850 million, missing analysts' estimates of EUR865 million. Metro's fourth quarter adjusted EBIT fell to EUR1.31 billion, from EUR1.50 billion in the year-ago period. However, analysts were expecting EBIT of EUR1.29 billion. Its quarterly net profit declined to EUR404 million from EUR674 million, versus analysts' estimates of EUR638 million.