Why Signet Jewelers Stock Is Sinking Today
Shares of Signet Jewelers (NYSE: SIG) were down on Wednesday after a pessimistic note from a Wall Street analyst following the company's disappointing earnings report on Tuesday. As of 12:30 p.m. EDT, Signet's shares were down about 9.7% from Tuesday's closing price. While its adjusted loss of $1.59 per share was narrower than Wall Street had expected, its revenue in the quarter ending May 2 fell short of analysts' forecasts.