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NEW YORK (AP) - Upscale jewelry retailer Tiffany & Co. on Monday said fourth-quarter net income was nearly flat, weighed by an impairment charge, flat sales in Japan and higher cost of metals.
Earnings for the quarter ended Jan. 31 were nearly unchanged at $140.5 million, or $1.02 per share, from $140.3 million, or 97 cents per share, during the same period last year. Results include a 5-cent per share impairment charge related to its Little Switzerland subsidiary.
There were 138.3 million diluted weighted-average shares outstanding in the quarter, compared with 145.3 million a year ago.
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