Signet Jewelers Rises After Beating Q3 Earnings Estimates

Shares of Signet Jewelers  (SIG) – Get Report rose Thursday after the jewelry retailer posted stronger-than-expected earnings that beat analyst expectations.

Shares of the Hamilton, Bermuda company rose 6.25% to $31.61 at last check.

Signet swung to a profit of $9.3 million, or 2 pennies a share compared to a loss of $35.5 million, or 84 cents a share in the year-ago period.

For the quarter ended Oct. 31 revenue rose 9.48% to $1.3 billion from $1.18 billion.

A survey of analysts by FactSet produced consensus estimates of an adjusted loss of 66 cents a share on revenue of $1.14 billion.

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