Why Signet Jewelers Stock Is Down Today

Shares of Signet Jewelers (NYSE: SIG) were falling on Tuesday after the company reported quarterly revenue that missed Wall Street's estimates and said that its dividend will remain suspended for the time being.

As of 12:00 p.m. EDT, Signet's shares were down about 14.5% from Monday's closing price.

Signet said before the market opened on Tuesday that it lost $1.59 per share on an adjusted non-GAAP basis in the quarter that ended on May 2, on revenue of $852.1 million. That was a hit and a miss: While Signet's loss was narrower than the average $2.82 per share that Wall Street analysts polled by Thomson Reuters had expected, its revenue fell short of the analysts' $861.74 million consensus forecast.

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Source Fool.com