EARNINGS REPORT

Tiffany’s profit exceeds expectations

> Tiffany & Co., the world’s second- largest luxury jewelry retailer, posted profit ($80.8 million, or 63 cents a share) that exceeded analysts’ estimates on better-than-expected sales. Revenue rose 11 percent to $732.4 million from $662.6 million in the year-ago period.

> Fleetwood Enterprises Inc. reported a loss ($29.1 million, or 42 cents a share) that was wider than analysts expected as sales of its recreational vehicles dropped by more than half. The loss reflects the strain on motor home demand from near-record gasoline costs and the worst housing slump since the Depression, which are leaving Americans with less cash. Sales in the company’s motor homes business declined 56 percent.

> Liquor producer Brown-Forman Corp. reported a 7 percent profit decline ($88.2 million, or 73 cents per share), dragged down by a $22 million pretax charge stemming from a problem with tequila production. The problem with tequila production resulted a 13-cents-per-share charge for the quarter.

> Computer maker Dell Inc. said profit fell 17 percent ($616 million, or 31 cents per share.) Restructuring charges were partly to blame. The results included 2 cents per share in amortization and business realignment costs.

> PetSmart Inc.’s profit slipped more than 20 percent ($37.2 million, or 30 cents per share) in the second quarter even as sales grew.