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Signet: Fiscal 4Q Earnings Snapshot

HAMILTON, Bermuda (AP) _ Signet Jewelers Ltd. (SIG) on Wednesday reported a fiscal fourth-quarter loss of $107.9 million, after reporting a profit in the same period a year earlier.

On a per-share basis, the Hamilton, Bermuda-based company said it had a loss of $2.25. Earnings, adjusted for asset impairment costs and pretax expenses, were $3.96 per share.

The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $3.77 per share.

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

For the year, the company reported a loss of $657.4 million, or $12.62 per share, swinging to a loss in the period. Revenue was nearly unchanged at $6.25 billion.

For the current quarter ending in May, Signet expects its results to range from a loss of 28 cents per share to a loss of 17 cents per share.

The company expects full-year earnings in the range of $2.87 to $3.45 per share, with revenue ranging from $6 billion to $6.1 billion.

Signet shares have declined 13 percent since the beginning of the year. The stock has declined 23 percent 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