Signet: Fiscal 3Q Earnings Snapshot
Signet: Fiscal 3Q Earnings Snapshot
HAMILTON, Bermuda (AP) _ Signet Jewelers Ltd. (SIG) on Thursday reported a loss of $29.9 million in its fiscal third quarter.
On a per-share basis, the Hamilton, Bermuda-based company said it had a loss of 74 cents. Losses, adjusted for pretax gains, came to $1.06 per share.
The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of $1.08 per share.
The jewelry company posted revenue of $1.19 billion in the period.
For the current quarter ending in January, Signet expects its per-share earnings to range from $4.35 to $4.59.
The company expects full-year earnings in the range of $4.15 to $4.40 per share, with revenue ranging from $6.26 billion to $6.31 billion.
Signet shares have declined 12 percent since the beginning of the year. The stock has dropped almost 1 percent in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SIG at https://www.zacks.com/ap/SIG