Tiffany & Co reported stronger than expected earnings for the first quarter 2008-09, boosted by strong sales in Asia Pacific and Europe and favorable foreign currency conversions from the dollar. The fine jeweler's net earnings for the three months ending April 30, 2008 rose 19 percent to $64.39 million, or 50 cents a share compared to 39 cent last year. Sales grew 12 percent to $668.1 million and comparable store sales by 7 percent, though on a constant exchange rate basis, sales increased 8 percent and comparable store sales were up 3 percent.

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