by Karl Utermohlen | March 27, 2014 2:34 pm
Signet Jewelers (SIG) saw its stock hit an all-time high following the company’s quarterly earnings report.
The company’s sales and earnings growth for the fiscal fourth quarter exceeded expectations. The retailer posted a profit of $175.2 million for the quarter that ended on February 1–up from last year’s $171.8 million.
The jeweler’s profits for the fiscal year were $2.18 a share which exceeded the expected $2.12 to $2.16 earnings per share. Its revenue rose 3.4% to $1.56 billion–surpassing analysts’ expectations of $1.55 billion.
SIG stock is up a whopping 6.6% Thursday. Shares are now selling at $104.73, an all-time high.
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