Tiffany & Co. on Monday said its fourth-quarter earnings fell almost 16 per cent, hurt by one-time charges, but its adjusted results beat analyst expectations and the jewelry retailer raised its outlook for this year. The revised guidance topped Wall Street expectations, and its shares climbed almost 13 per cent. "Despite the slowdown in our U.S. business in the latter part of the year, our international business in total performed very well," said chief executive Michael Kowalski during a conference call with analysts on Monday.

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