Earnings reports
Tiffany says its fourth-quarter net income edged up less than 1 percent. Tiffany earned $179.6 million, or $1.40 per share. Revenue rose 4 percent to $1.24 billion. Analysts polled by FactSet expected earnings of $1.36 per share on $1.25 billion in revenue.
Darden Restaurants Inc. said Friday that it earned $134.4 million, or $1.02 per share, for the three months ended Feb. 24. That's down from $164.1 million, or $1.25 per share, a year earlier. Analysts expected $1.01 per share. Revenue rose 5 percent to $2.26 billion from $2.16 billion, meeting Wall Street's view.
CNOOC says profit last year fell 9.3 percent, saying Friday that profit fell to $10.2 billion in 2012 from $11.3 billion the year before. Revenue climbed 3 percent to $39.8 billion.