(TIF), the designer and retailer of fine jewelry, came out with fourth-quarter fiscal 2014 results, wherein earnings of $1.51 per share that fared a penny better than the Zacks Consensus Estimate while rising 3% year over year.

Given global uncertainties and stronger dollar, Tiffany expects fiscal 2015 earnings to grow modestly over $4.20 earned in fiscal 2014. For the first quarter, earnings are expected to fall 30%, second quarter earnings are expected to decline marginally followed by double digit increases in the remaining two quarters.

Earnings Estimate Revision: The Zacks Consensus Estimate has been unchanged for fiscal 2014 while for fiscal 2015 it is portraying a downtrend in the last 30 days.

In the trailing four quarters, including the quarter under review, the company outperformed the Zacks Consensus Estimate by an average of 9.2%.

Revenues: Tiffany generated net sales of $1,285.3 million that fell short of the Zacks Consensus Estimate of $1,311 million and declined 1% due to sluggishness witnessed across the Americas and Japan. Moreover, foreign currency headwind also adversely impacted the results.  In constant currencies, net sales rose 3%, whereas comparable-store sales remained unchanged.

Going ahead, Tiffany expects revenues for fiscal 2015 to increase in low-single-digits on a dollar basis and mid-single-digit on a constant-currency basis.

Key Events: Tiffany announced the opening of 12-15 new stores in the fiscal 2015, mostly in Asia-pacific followed by Americas and Europe.

Zacks Rank: Currently, Tiffany carries a Zacks Rank #4 (Sell).

Stock Movement: Tiffany's shares are down nearly 3.7% during pre-market trading hours following the earnings release. Clearly, a negative sentiment is palpable among investors following the company's cautious outlook and mixed results.

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