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Signet: Fiscal 4Q Earnings Snapshot

HAMILTON, Bermuda (AP) _ Signet Jewelers Ltd. (SIG) on Thursday reported fiscal fourth-quarter net income of $187.1 million, after reporting a loss in the same period a year earlier.

The Hamilton, Bermuda-based company said it had net income of $3.14 per share. Earnings, adjusted for one-time gains and costs, came to $3.67 per share.

The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $3.47 per share.

The jewelry company posted revenue of $2.15 billion in the period.

For the year, the company reported net income of $105.5 million, or $1.40 per share, swinging to a profit in the period. Revenue was reported as $6.14 billion.

Signet shares have decreased 66% since the beginning of the year. The stock has declined 72% in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SIG at https://www.zacks.com/ap/SIG