Tiffany & Co. has announced its second quarter financial results for the fiscal year 2010-11. According to the company, it has registered a significant rise in its net income due to superior sales figure.

The company has posted a better revenue record in the Asian and European market and the shoppers bought more high-end jewelry of the company during this period of time in all across the globe.

Tiffany & Co. has posted an earning of 55 cents per share for the quarter that ended in 31th July, 2010 which is almost 2 cents per share high as that of the figure estimated earlier.

The company has earned $67.7 million in this quarter under review. For the similar quarter in the previous quarter the company has earned $56.8 million or 46 cents per share. Hence for the quarter in the current year it has produced a better show.

The revenue of the company has gone up by 9% and has touched Rs $668.8 million during the second quarter of fiscal year 2010-11. Earlier it was estimated to be $690.2 million. Moreover, it has been informed that the company has posted an impressive revenue record in the Asia and Europe.