Jewelry News

Tags : analyst forecasts , ascena retail group , Dress Barn , earnings expectations , earnings previews , Focus media holding , joy global , Lions Gate Entertainment , Movado Group , SAIC , Sanderson Farms , tivo Mining equipment maker Joy Global and defense contractor SAIC are scheduled to step into the earnings spotlight this week, in what will ... (more)

After closing 3.25 percent higher during regular trading yesterday, Chesapeake Energy Corp.

There's never a dull week on Wall Street. Let's go over some of the news that will shape the week to come.

Not since 2009 has the global economy and the jewelry industry's place in it been so unstable.

NEW YORK &#8212 An analyst downgraded Lululemon Athletica Inc., the seller of pricey yoga pants, saying that he's concerned about a slowdown in shopping by wealthy U.S. consumers.

The analysts wrote, "Tiffany reported 1Q12 EPS of $0.64, below our $0.76 estimate on lower sales and higher SG&A. Worldwide comps sequentially decelerated in 1Q from 5% to 4% due to continued weakness in the Americas as well as slower trends in Asia.

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On this sunny afternoon, Bayliss Park is nearly silent. A preschool-aged boy splashes in water on one side of the large fountain.

VeriFone Systems Inc A : Yesterday, VeriFone reported Q2 results that were stronger than expected, but the company struggles after providing weaker than expected guidance for Q3 and reestablishing the outlook for FY12.

EARNINGS Tiffany cuts profit, sales outlook for the full year Tiffany & Co. cut its outlook for both sales and profit for the year, citing a slowdown in demand for its jewelry not only in the United States but also in other countries.

The U.S. luxury sector, a bright spot in U.S. retailing for the past two years, is struggling to maintain momentum as Europe's sovereign debt crisis sends shockwaves across the Atlantic.

The Dow Jones Industrial Average rose 33.60 points to 12,529.75. The Nasdaq Composite Index fell 10.74 points to 2,839.38, and the S&P 500 Stock Index added 1.82 points to 1,320.68. Initial claims for jobless benefits fell 2,000 to 370,000 in the past week.

Tiffany & Co. says that its profit for the first quarter was essentially the same as a year ago as it saw slowing demand in the U.S. for its jewelry.

In this Nov. 13, 2009 file photo, an oil pump works in the Persian Gulf desert field of Sakhir, Bahrain.

Tiffany & Co lowered its fiscal-year sales and profit forecasts on Thursday, citing slowing economic growth in many countries and weakness in its home market, and the upscale jeweler's shares fell almost 7 percent.

In an April 12, 2012 file photo New York Stock Exchange Governor Nicholas Briganti, center, works with traders on the floor of the New York Stock Exchange.

Oil bounced slightly off seven-month lows near $90 a barrel Thursday in Asia amid signs China's economy is continuing to slow.

Tiffany & Co . said Thursday that worldwide net sales increased 8 percent, year-over-year, to $819 million and same store sales rose 4 percent for the first quarter of 2012.

The original art glass of Karen Gola, of Gola Glass in Sanford, is now featured and available for purchase at the New Bedford Museum of Glass shop and website.

NEW YORK - Stocks that moved substantially or traded heavily Wednesday on the New York Stock Exchange and Nasdaq Stock Market: NYSE Movado Group Inc., up $2.92 at $28.86 The luxury watch seller reported strong first-quarter results.