Signet: Fiscal 1Q Earnings Snapshot
HAMILTON, Bermuda (AP) _ Signet Jewelers Ltd. (SIG) on Thursday reported a loss of $10 million in its fiscal first quarter.
On a per-share basis, the Hamilton, Bermuda-based company said it had a loss of 35 cents. Earnings, adjusted for non-recurring costs, were 8 cents per share.
The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 24 cents per share.
The jewelry company posted revenue of $1.43 billion in the period.
For the current quarter ending in August, Signet expects its per-share earnings to range from 23 cents to 30 cents.
The company said it expects revenue in the range of $1.35 billion to $1.37 billion for the fiscal second quarter.
Signet expects full-year earnings in the range of $2.88 to $3.17 per share, with revenue ranging from $6 billion to $6.06 billion.
Signet shares have declined 39% since the beginning of the year. The stock has dropped 56% in the last 12 months.