Tiffany is soaring after blowing past Wall Street estimates (TIF)

Tiffany & Co soared more than 14% in pre-market trading Wednesday after reporting first-quarter results that beat expectations. 
Same-store sales of 7% easily topped analysts' 2.6% estimate. 
The jewelry company boosted its fiscal year guidance and announced the approval of a $1 billion buyback program. 
Watch Tiffany & Co trade in real-time here.
Tiffany & Co is soaring, up more than 14% in pre-market trading Wednesday, after releasing first-quarter earnings that beat