Tiffany profit tops Street estimates, sales fall on tourist spending drop
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(Reuters) - Luxury jeweller Tiffany & Co on Wednesday reported quarterly earnings that beat estimates on increased spending by local customers in mainland China and a cut-back on marketing costs, even as declines in tourist spending in the United States and political unrest in Hong Kong dragged on sales. The New York-based company also said it would stick to its full-year forecast of a low-single-digit percentage rise in sales.A protracted U.S-China trade war, strong dollar and a stricter U.S...