Signet Jewelers Posts Profit In Q3, But Results Miss View = Quick Facts

(RTTNews) - Signet Jewelers Limited ((SIG, SIG.L), the world's largest retailer of diamond jewelry, reported third-quarter net income of $15.0 million or $0.19 per share, compared to net loss of $1.3 million or $0.02 per share last year.

Adjusted earnings per share for the quarter were $0.33, compared to $0.21 per share in the year-ago period. On average, 12 analysts polled by Thomson Reuters expected the company to report profit per share of $0.39 for the quarter. Analysts' estimates typically exclude special items.

Total sales for the quarter rose 3.3 percent to $1.21 billion from $1.18 billion in the year-ago period. Same store sales increased 3.3%. Analysts expected revenue of $1.23 billion for the quarter.

For the fourth quarter, the company expects adjusted earnings per share in the range of $3.40 to $3.60. Same store sales are expected to increase 3.5 percent to 5 percent. The Street expects the company to report earnings per share of $3.59 per share for the quarter.