This benefited EPS by $0.04 per diluted share in the quarter and we now expect an effective income tax rate of approximately 31% for the full year, which includes the various one-time tax benefits we have recorded. We've had a good start towholesale tiffany silver the fourth quarter, with worldwide sales in November to date tracking favourably to our expectation, which calls for a mid-single-digit sales increase for the quarter but it should go without saying that results in December are most important.
Based on the better-than-expected sales in the third quarter and some fine-tuning of our fourth quarter sales expectations in certain markets, we are now forecasting an 8% decline in annual worldwide sales versus a previously expected 10% decline.
Adding it all up, the third quarter net earnings from continuing operations of $43.3 million or $0.34 per diluted share, were slightly below $0.36 per diluted share last year but were meaningfully above our plan due to the higher than expected sales.
Tiffany's effective incomewholesale tiffany silver tax rate of 22% percent in the quarter compared with 32.1% last year. The rate was lower than we initially planned and was not included in our earnings guidance from three months ago due to favourable reserve adjustments tied to the expiration of certain statutory periods.
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