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And Higher Guidance Issued Shares of Tiffany fell 2% yesterday despite news it achieved strong holiday same store sales, tiffany and co rings particularly at its flagship NY shop and overseas ex Japan. Also, Tiffany raised its advice for its current and next fiscal yr. tiffany and co bracelet and 18% overseas, but four% in Japan, which accounts for half of Tiffany's international income. Tiffany revised its fiscal year (ending Jan. 31) earnings upward to $one.82 $1.eighty five per share, from $1.seventy nine $one.eighty four previously, in line with analysts' estimates of $one.82 (Thomson) and $one.83 (Reuters). Reuters quotes an Oppenheimer analyst who states, "With the strong sales in the New York market and outdoors, individuals thought the variety would be even higher." This autumn sales are expected to be up 14% 15% with EPS of $one.03 $one.06. Tiffany sees EPS growth in '07 between thirteen% 15%, tiffany outlet or $two.06 $2.thirteen per share, towards the Street's estimate of $2.06. Separately, in an SEC filing, Tiffany stated its sales agreement with Japan's Mitsukoshi division shop will expire at the finish of this month. Tiffany makes 10% of its internet revenue at boutiques in Mitsukoshi. The two have reportedly negotiated but will have to negotiate additional prior to a new arrangement is attained. Tiffany can carry on operating boutiques in the meantime, but both party can act unilaterally tiffany and company and alter terms and conditions such as the charges Tiffany pays as a percent of revenue. Resources: Tiffany press launch and SEC submitting, Bloomberg, Reuters Related commentary: Fisher's Buyout Candidates, Tiffany's Is Searching Good, Shares To Capture China's Infant Boomers, Tiffany Comments on Declining Japan Comps Possibly impacted shares and ETFs: Tiffany Co (TIF) Looking for Alpha's news summaries are mixed into a pre marketplace briefing known as Wall Road Breakfast. Get Wall Road Breakfast