Advertisement
Canada markets closed
  • S&P/TSX

    21,969.24
    +83.86 (+0.38%)
     
  • S&P 500

    5,099.96
    +51.54 (+1.02%)
     
  • DOW

    38,239.66
    +153.86 (+0.40%)
     
  • CAD/USD

    0.7318
    -0.0005 (-0.07%)
     
  • CRUDE OIL

    83.65
    +0.08 (+0.10%)
     
  • Bitcoin CAD

    87,262.23
    -931.62 (-1.06%)
     
  • CMC Crypto 200

    1,330.97
    -65.57 (-4.69%)
     
  • GOLD FUTURES

    2,350.60
    +8.10 (+0.35%)
     
  • RUSSELL 2000

    2,002.17
    +21.05 (+1.06%)
     
  • 10-Yr Bond

    4.6690
    -0.0370 (-0.79%)
     
  • NASDAQ

    15,927.90
    +316.14 (+2.03%)
     
  • VOLATILITY

    15.06
    -0.31 (-2.02%)
     
  • FTSE

    8,139.83
    +60.97 (+0.75%)
     
  • NIKKEI 225

    37,934.76
    +306.28 (+0.81%)
     
  • CAD/EUR

    0.6838
    +0.0017 (+0.25%)
     

Why Signet Jewelers Stock Plunged despite Its Q3 2019 Beat

Why Signet Jewelers Stock Plunged despite Its Q3 2019 Beat

On December 6, Signet Jewelers (SIG) reported better-than-expected fiscal 2019 third-quarter results for the period that ended on November 3. Jewelers are facing intense competition in the low-end diamond market, which is taking a toll on pricing and margins. Tiffany’s top line fell short of analysts’ estimate.