New York (CNN Business) Tiffany & Co. already warned in January that sales during the holiday were weak. It turned out that demand for jewelry and other bling in the company's trademark blue boxes was a bit worse than what investors expected. Tiffany TIF Shares offell 5% in early trading after the company reported that sales for its fourth quarter were a bit below the already-lowered forecasts . The company blamed a drop off in tourist spending in the United States and Europe for the shortfall. Sales at stores open at least a year were down 1% during the quarter.

Source: CNN March 22, 2019 13:06 UTC