Tiffany +5% after navigating around Trump Tower headache

|About: Tiffany & Co. (TIF)|By:, SA News Editor

Shares of Tiffany (NYSE:TIF) opened up over 5% after the company topped Q3 earnings estimates, carving out a new 52-week high of $82.50 in the process.

Execs acknowledged a negative impact from the retailer's flagship Manhattan store's close proximity to Trump Tower with its media and security throng, but also noted that the store accounts for less than 10% of global sales.

"The company cannot provide any assurance that sales in that store will not be negatively affected by this activity in the fourth quarter or in any future period," warns Tiffany.

Previously: Tiffany beats by $0.09, beats on revenue (Nov. 29)

Previously: Tiffany higher post Q3 results (Nov. 29)