Breakfast, Lunch, and Dinner at Tiffany's (TIF)

Tiffany & Co. TIF is up more than 2% this morning after the company reported better than expected earnings, and the luxury consumer is back in full force. Tiffany reported net income rose to 43 cents per share, up from 34 cents per share a year earlier. Excluding items, earnings were 46 cents per share. Wall Street expected 37 cents per share. Revenue came in at $681.7 million, better than the $652.8 million expected. CEO Michael Kowalski was positive on the quarter. "We are now a few weeks into the all-important two-month holiday season and sales growth is exceeding our expectations, although the majority of the holiday season is certainly still ahead of us," he said. Tiffany also raised its full-year earnings outlook, going to $2.72 to $2.77 per share. This is up from $2.60 to $2.65 the company previously forecast. Wall Street is expecting $2.64 per share.