Shares of Signet Jewelers (NYSE: SIG) were moving higher today after the world's largest diamond jewelry retailer topped estimates in its second-quarter earnings report.

As of 2:07 p.m. ET, the stock was up 5.6% after gaining as much as 9.7% earlier in the session.

Revenue at Signet continued to decline as the company faces a difficult macroenvironment as spending on discretionary goods has fallen, but it still topped estimates in the quarter.

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Source Fool.com