Tiffany & Co. (TIF) reported first-quarter net earnings of $87 million, or $0.69 per share compared to $105 million, or $0.81 per share, in the prior year. The company noted that its first-quarter results included a tax benefit of $0.05 per share related to the settlement of a tax examination. On average, 23 analysts polled by Thomson Reuters expected the company to report profit per share of $0.68 for the quarter. Analysts’ estimates typically exclude special items.