Why Signet Jewelers Fell 18.2% Even after Beating Q3 Estimates
Signet Jewelers (SIG) posted better-than-expected fiscal 2019 third-quarter earnings results on December 6 for the period that ended on November 3. Signet stock plunged 18.2% following its third-quarter earnings release, closing at $41. Management expects sales from James Allen to continue to slide in the coming quarters, which isn’t encouraging.