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Signet Jewelers Stock Surges as Earnings, Guidance Top Expectations. Its CEO Says Weddings Are Back.

·3 min read
Signet Jewelers Stock Surges as Earnings, Guidance Top Expectations. Its CEO Says Weddings Are Back.

(SIG) stock is spiking on Thursday, following the company’s much better-than-anticipated fiscal first quarter and increased sales outlook—and its reinstated dividend. Signet (ticker: SIG) jumped 12.8% to $68.83 in recent trading. Signet said it earned $138.4 million, or $2.23 a share, compared with a per-share loss of $3.96 in the year-ago period.