Before the financial markets opened this Tuesday, Tiffany & Co. (NYSE:TIF), among many other companies, released its financial performance in the third quarter of 2014. The company, which makes and sells luxury items all over the world in multiple outlets, declared earnings per share (EPS) of a diluted nature, of $0.76, taking the total value to $960 million.

This figure, compared to last year’s figure of $911 million on $0.73 EPS, is still a nominally improved figure of performance. However, if inflation is taken into account, which is 1.7% annually in the US as of Oct 2014, the figure is a much slower improvement by the company compared to its previous figures. The figure is also below the consensus figure estimated by Thomas Reuters for the performance in the third quarter by the company, with a figure of $0.77 EPS, and total revenue of $968.86 million.

Sales figures have improved drastically all over the world for Tiffany & Co. (NYSE:TIF), with an average rate of increase of almost 6% in the last quarter. Specifically, the company has improved its sales by over 11% in Americas and 2% in the European continent. However, these figures have been hit by a declining sales performance in the Aisa-Pacific region, where sales figures have declined by 3%. Not only that, Japan has also witnessed a decline of Tiffany & Co. (NYSE:TIF) sales of almost 6%.

Japan seems to be the country most affecting the sales figures of Tiffany & Co. (NYSE:TIF). The company performed well in Japan in the first quarter of this year, marking an increase in sales figure by almost 20%. However, the second quarter witnessed a sharp decline of 13% in sales figures for Tiffany & Co. (NYSE:TIF) merchandise, which, according to analysts, is a direct result of the consumption tax implemented by the Japanese regime.

Overall, the Net Sales figure posted by the company in its third-quarter report on Tuesday showed a rise of approx. 5% compared to previous years. Net Profit was not so positive, with a fall of 60% on the basis of GAAP accounting methods. The long-term debts were also paid in the preceding quarter, which resulted in the EPS being charged by approx. $0.47/share.

Considering the results of the first three quarter of Tiffany & Co. (NYSE:TIF), analysts are estimating a total EPS for the year at around $4.20-$4.30. These analyst figures do not include the charge of debt which has been duly subtracted from the original EPS value. These estimates include many assumptions, such as the opening of 10 new outlets of Tiffany & Co. (NYSE:TIF), closing of two loss-making outlets, and the cash flow freedom of $400 million.

The estimates made through consensus also show much promise for Tiffany & Co. (NYSE:TIF)’s future in the fourth quarter, with an EPS of around $1.65, estimating a total revenue of $1.39 billion. The year-round figures were estimated through consensus to stand at $4.34, estimating a total value of revenue at $4.36 billion for the entire year.

Shares of Tiffany & Co. (NYSE:TIF) went down by almost 0.1% on the NYSE.

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